Embed Notice

Silly Americans

https://taxpolicy.org.uk/2025/04/02/no-vat-isnt-a-tariff-but-the-us-would-benefit-from-adopting-it/

I could explain, or you could read this article.

America has the right to raise revenue on imports, but they should scrap all sales taxes and tariffs, and replace it with a federal VAT system that includes import VAT.

It would make international trade easier since most countries also use VAT schemes. Thus boosting exports - and raising revenue. While avoiding alienating the other countries.

Say, 8% federal VAT?

Someone should show Trump this article.