Quote from: stoker2014 on April 06, 2025, 14:08

Most likely, I wrote it incorrectly. The US exports cars to the EU. The exporter pays a tariff to the EU budget. Then this car is sold to the buyer already with VAT, accordingly, the EU budget receives both the tariff and VAT. As we can see, the price of the car becomes uncompetitive in the EU.

At the same time, when a car from the EU is sold to the US, the US budget does not receive VAT. I do not know about any other taxes. Accordingly, the EU, when exporting cars to the US, receives more profit and can sell their cars in the US and can compete with cars produced in the US.

The importer pays a tariff to the government of their country... the country the car is being imported to. Yes, the buyer pays VAT in most cases. They can write it off if it's a business expense in certain cases. They also pay VAT on cars that aren't imported, so the only additional price (aside from shipping) is the markup added as a result of the tariffs. Whether that makes the car uncompetitive or not depends on the amount of the increase (i.e what the tariff is) and the demand for the car.

Most US car sales have sales tax added on top. Why on Earth would an EU car sold in the US, bring in more profit than an EU car sold in the EU?! And what's all this 'EU budget' nonsense?! The EU budget comes from contributions made by the member states and are entirely separate from import tariffs and VAT levied by individual countries. It's the same reason I wouldn't say that US tariffs and sales tax contribute to the 'North American Budget'. I mean, it kind of does, but also... it very much does not.

Quote from: AM24 on April 06, 2025, 21:20

Well guys, the Australian share market lost over 100 billion Australian dollars in the opening minutes of trading this morning (Monday).

Asian markets have plunged.

Japan�s benchmark Nikkei fell by more than 8% shortly after opening.

"Global markets are in freefall as Donald Trump�s sweeping reciprocal tariffs rattle already nervous investors and wipe trillions of dollars from the world�s leading indexes.

Australian shares were again been smashed on Monday morning after the S&P 500 in the US moved dangerously close to entering a bear market, down 17.5 per cent since its peak in mid-February, while the tech-heavy NASDAQ 100 is already there after Friday�s 6.1 per cent drop.

Billions have been wiped from the market values of some of our biggest companies since Mr Trump launch an all-out assault on America�s trading partners last Wednesday, accusing them of taking advantage of his country and �ripping off� the economy"

https://thewest.com.au/business/markets/asx-live-coverage-updates-from-the-australian-share-market-as-donald-trumps-tariffs-wreak-havoc-c-18288649

This is great news for the US!
The fall in the value of the dollar is good for American exporters. Trump is making America great again!

As for you Australians, I have already written that Australia does not have nuclear weapons, you do not have an army. What are you hoping for? That good uncle Trump will send the Americans to protect you from the Chinese? This is criminal naivety on your part.
Sell your house quickly and take your money to other countries while you still can. Do not wait for China to begin a military operation to occupy Australia.

ps. I advise Australians to get their heads out of the sand and stop being ostriches.

Why don't you get yourself a hobby?

AM24, welcome to Ukraine. Here you can take a photo of real Ukrainian borscht for your book.
Moreover, strategically and geopolitically Ukraine is safer than the island of Australia. In the rear of Ukraine is Europe, which supplies weapons. And who and how will supply weapons to Australia.....

When my husband and I (we are both accountants & he is also an economist) woke up on the morning after Trump was elected, even though we live in Australia, we planned out how to 'trump-proof' our home and assets. We moved a lot of our superfund investments (similar to 401K, not sure what they call it in Canada, which we manage ourselves), into safer cash-based investments, we upgraded our solar panel system to cope with rising temperatures and electricity costs, and upgraded things like our air-conditioning system.  We knew he was going to reverse all the climate initiatives, possibly crash the stock market, and cause another global financial crisis. They only thing we didn't expect is that it would happen so soon!

I hope you and your family and investments are safe!

I�ve found it helpful to tune out individuals who consistently share unhelpful or nonsensical information. The same goes for those constantly negative or complaining � it can drain your focus and motivation.

Trump: "China will now pay a big number to our treasury. This is all taxes."

...nonsense that even a child would question it...