You forget that the US company would be taxed more in its profit to make up for ... | Hacker News

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hartator 73 days ago | parent | context | favorite | on: US Administration announces 34% tariffs on China, ...

You forget that the US company would be taxed more in its profit to make up for the absence of an US VAT.

Whereas EU companies don’t pay other US taxes.

ncruces 73 days ago [–]

So you'll just tax imports, fund the entire federal govt on just imports, and call it a fair trade policy?

Well, good on you. Just don't be surprised if that leads to retaliatory, and targeted, tariffs.

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