EU needs to lower non-tariff barriers, including VAT, White House trade adviser says

THE EUROPEAN Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it is to achieve a deal to cut US tariffs imposed by President Trump, White House trade adviser Peter Navarro said.

Navarro confident in market recovery, seeks non-tariff barrier talks By Investing.com

Navarro confident in market recovery, seeks non-tariff barrier talks

EU needs to lower non-tariff barriers, including VAT, White House trade adviser says

The European Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower U.S. tariffs imposed by President Donald Trump, White House trade adviser Peter Navarro said on Monday.

The EU should at least consider Trump’s demand to scrap non-tariff barriers - Brussels Report

Last week, U.S. President Donald Trump made his long-awaited tariff announcement. Markets crashed as a result, as the measures went further than expected.  Trump’s new tariffs are even more severe than the ones introduced by the infamous Smoot-Hawley legislation of 1930. At the time, a global escalation of tariffs caused an aggravation of the Great Depression. If implemented, the US effective tariff rate will be 24-27%, Fitch estimates, which wa…

The European Union will have to lower its non-tariff barriers, in particular those created by value added taxes (VAT), if it is to reach an agreement to reduce customs duties.