How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs

La Repubblica

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The US president announces new tariffs on cars for April 2. Von der Leyen: “The trade war has no winners.” But VAT is tax-neutral. Here's how it works

BizToc

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How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs

How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs U.S. President Donald Trump has ordered economic officials on Thursday to devise plans for reciprocal tariffs on America's trading partners by April. Andrew Harnik—Getty Images

vz.lt

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The administration of US President Donald Trump this week ordered its subordinates to prepare a plan for retaliatory "severe" tariffs within 180 days. Howard Lutnick, the US Commerce Secretary, said that he would submit such a plan to the president by April 1.

Spain in English

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Trump announces reciprocal tariffs on EU in retaliation to VAT - Spain in English

United States President Donald Trump has announced plans to implement reciprocal tariffs on foreign trade, meaning imports from international trading partners will face taxes equivalent to those levied on US exports. However, Trump considers structural, regulatory and fiscal hurdles as forms of tariffs. His primary focus is on the European Union, particularly due to its value-added tax (VAT) – known as IVA in Spanish – which applies universally …

Alerta Digital

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President Donald Trump said this Thursday that he will impose “reciprocal tariffs” on U.S. allies and rivals, opening a new front that leaves the world on the brink of a trade war. “If we impose a tariff or a tax, we impose on them exactly the same level of tariff or tax, it is that simple.” [...]

El Progreso de Lugo

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"What a country makes pay the United States, we will charge them the same," he announces.