The rationale for the application of new tariffs by the US Government has expanded to include value-added tax (VAT). This development arrives as the challenges of imposing reciprocal tariffs against Europe and the UK collide with the reality of historically low tariffs on American goods entering those countries. Consequently, the conversation—which some might characterize as hyperbole—has broadened to include non-tariff obstacles. (Spoiler alert: VAT is not one of them).
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