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0 sats \ 0 replies \ @Solomonsatoshi 2 Apr \ parent \ on: Trump's "Liberation Day" Tariffs are a Mistake econ
https://www.thepress.co.nz/business/360639262/why-trump-including-gst-its-definition-tariffs-charged-us-exports-new-zealand
'The US’s calculation that New Zealand imposes 20% tariffs on US goods entering the country is “outside the realm of reality”, economist Brad Olsen says.
The US has imposed a 10% tariff on all New Zealand exports to the US, claiming that was a “discounted” rate as it faced 20% tariffs into New Zealand.
But that US calculation appears to include New Zealand’s 15% GST, despite the fact that it is charged on all goods and services sold in New Zealand, and despite the fact that the US has its own sales taxes.
“The inclusion of GST is simply not in keeping with what what we are discussing on tariffs,” said Olsen, chief executive at Infometrics.
“Realistically, it’s a convenient way to up the numbers, and create the feeling of greater unfairness,” he said.'
Trump is a looking like poor dishonest loser and a bully.
USA set the rules of international trade and still lost the trade war.
Now USA seeks to change the rules again to address its chronic trade deficits.