Trump ups ante on China, threatens duties on nearly all its imports
Trump gets to charge tariffs on what China imports?
How?
Yeah, yeah, but seriously, that’s a Reuters headline for blimey’s sake.
Trump ups ante on China, threatens duties on nearly all its imports
Trump gets to charge tariffs on what China imports?
How?
Yeah, yeah, but seriously, that’s a Reuters headline for blimey’s sake.
From Reuters/AP yesterday:
China is planning to give rebates to exporters on their Export Tax to reduce impact of USA Import tax.
An export tax?
Seems there’s nothing Trump can’t do.
@Pcar: Yes, China have a tax on exports. Operates a bit like VAT, so tax is on value added, but only applies to exports. There are extensive rebate schemes.
Good to see Reuters upholding present journalistic standards.
@Alex
“Yes, China have a tax on exports. ”
How common is this in export-oriented developing markets? I think it looks alien to us Westerners but it would be a tempting thing for a poorer country to tax if that’s where the money is. Argentina used to put big taxes on their agricultural exports for example.
Helpful (no, really!) Vox explainer on how this is possible.
http://www.vox.com/platform/amp/2018/3/8/17097206/trump-tariffs-congress
Surely tariffs are better than Opium War part 3 to stop the Chinese mercantalist nonsense.
sent from China.
“Threat to national security?” What bollocks. You can say anything is a threat to national security, it’s meaningless until you demonstrate why.