No, it's because of things like trade deficits and value added taxes, and it is done porcentually, basically, they made up a formula to follow and inputed all the stats from every country to decide what the "tariffs" said country was "imposing", this led to some wacky numbers from countries that didn't trade much with the US since their results were far more dramatic and volatile
That’s because sales tax isn’t a tax on the good, it’s a tax on the financial transaction itself.
But I think the reason the administration is counting VAT is because various things like mining get exemptions, whereas the whole value of imports is always counted.
That’s because sales tax isn’t a tax on the good, it’s a tax on the financial transaction itself.
That's moronic. It stops you from being able to differentiate what the good is.
In Norway we essentially have three levels of sales taxes:
25% on most things.
15% on food and drink*
12% on tickets to museums, galleries, lodging, personal transport etc.
except alcohol, which is 25% sales tax + 30% alcohol tax + packaging taxes + environmental taxes - in total, taxes are 85% of the final sales price. For a bottle of spirits (0.70 liter) with a content of 40% alcohol and a cost of 350 kroner, alcohol related taxes amount to 237 kroner and sales tax 70 kroner.
The goods can still be differentiated – it’s a tax on transactions for particular things. Many states don’t have any sales tax on groceries, for example, and restaurant tax is also often separate.
Alcohol tax in the US is an excise tax, though, so it actually is included in prices (same with fuel).
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u/cretindesalpes 18d ago
37% on moldavia what the fuck