Whoops! We forgot to include the VAT in the TPP

economyincrisis ^ | 6/26/15 | Kevin L. Kearns

[central_va]

Most significantly, the TPP does not address a massive cost to U.S. goods and services that has a chokehold on our export levels: foreign Value-Added Tax (VAT) schemes.

[central_va]

Nevertheless, from a purely sales perspective, it’s a smart pitch, and one that’s designed to appeal to Americans’ sense of fair play. It’s a theme picked up by almost every Republican House fast-track (TPA) and TPP backer, as well as the few Democrat backers. Currently, the United States imposes no tariffs on roughly 80 percent of goods from TPP countries. And yet, U.S. exports often run into a brick wall when trying to reach overseas customers. For example, Vietnam slaps 70 percent tariffs on U.S. cars, Malaysia tacks a 50 percent duty on U.S. motorcycles, and Japan adds 189 percent on U.S. shoes.

[Gaffer]

All I can say is that at come point, we out here in drive by America had better be educating ourselves in how to grow some damned vegetables on our own. Rutabagas, Beets, Corn, Tomatoes, potatoes, and such....

[ClearCase_guy]

Horrible deals. Everytime.

Maybe we should elect someone who knows how to do this stuff.

[phormer phrog phlyer]

You are correct, planting time is fast approaching, and learn to preserve as well.

[central_va]

F-ing Free Traitors™ need to go the way of Communists and Fascists.

[Gaffer]

If you live by the government’s word, you will eventually die by it.

[20yearsofinternet]

Ted Cruz’s genius plan to “move jobs back to America” is a VAT tax.

I can’t believe so many people buy in to his globalist garbage.

[G Larry]

Forget the TPP.

It is our own REGULATION and TAXATION that kills U.S. industry and productivity.

[LonePalm]

A simple solution to the problem with tariffs on our exports would be to change the way we impose tariffs.

Pass a law that establishes the tariff on each nation's goods at the highest tariff that nation charges on any of our goods they import.

Don't want high tariffs on your exports, simple solution, reduce your tariffs on our exports.

"Ceterum censeo 0bama esse delendam."

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)

[boycott]

It is obscene we have American citizens and politicians that would support such garbage.

[NonValueAdded]

We can’t negotiate worth chit. Trump! Trump! Trump!

[STARLIT]

My friend in England says all the farms have disappeared. They are not raising food there. Its very expensive to purchase just about anything there. The Vat tax hits me too when I buy her gifts because I purchase them on Amazon UK as to not having to pay for mailing and go through customs. VAT tax really cuts into my spending for her. I really DON’T want it here.

[Calvinist_Dark_Lord]

Pass a law that establishes the tariff on each nation's goods at the highest tariff that nation charges on any of our goods they import.

Tom Clancy suggested something like that in his novel Debt of Honor.

He called it the "Trade Reciprocity Act", and it mirrored the laws of the nations that put unrealistic restrictions on our products.

It was the same book that had the aircraft hit the Capitol Building during a joint session of Congress...the one that the 9/11 criminals got their idea from.

i do agree that the playing field should be leveled so that the US is not always having to go uphill.

[Disambiguator]

Nevertheless, from a purely sales perspective, it’s a smart pitch, and one that’s designed to appeal to Americans’ sense of fair play. It’s a theme picked up by almost every Republican House fast-track (TPA) and TPP backer, as well as the few Democrat backers. Currently, the United States imposes no tariffs on roughly 80 percent of goods from TPP countries. And yet, U.S. exports often run into a brick wall when trying to reach overseas customers. For example, Vietnam slaps 70 percent tariffs on U.S. cars, Malaysia tacks a 50 percent duty on U.S. motorcycles, and Japan adds 189 percent on U.S. shoes.

I always thought that we should have a "mirror" tariff imposed on foreign countries. Whatever tariffs they slap on us, we do exactly the same to them. That would be fair.

[central_va]

I always thought that we should have a "mirror" tariff imposed on foreign countries. Whatever tariffs they slap on us, we do exactly the same to them. That would be fair.

Totally fair.

[semimojo]

For example, Vietnam slaps 70 percent tariffs on U.S. cars, Malaysia tacks a 50 percent duty on U.S. motorcycles, and Japan adds 189 percent on U.S. shoes.

The TPP addresses and reduces the tariffs of each of these countries.

Seriously, how do you think tariffs get eliminated if not through reciprocal trade agreements?

[Seven_0]

i do agree that the playing field should be leveled so that the US is not always having to go uphill.

Level the playing by raising taxes? What am I missing?

[Calvinist_Dark_Lord]

Level the playing by raising taxes? What am I missing?

i did not suggest raising taxes, or a protective tariff. At this time i have no opinion on that.

The Clancy story that i made allusion to in my last post simply reflected the offending nation's trade laws back to them with respect to their exports back to the US.

If they had a high tariff on US goods, we put a high tariff on theirs. If their inspection system was draconian, our inspection system for their goods became draconian, etc.

As for myself, i try to whenever possible --some things are bloody impossible to find these days-- i buy American made, and if possible LOCAL goods.

[Theoria]

'the one that the 9/11 criminals got their idea from.'

That 'idea', or similiar has been around for a while.

[Seven_0]

If they had a high tariff on US goods, we put a high tariff on theirs.

You don't fix anything by raising taxes unless taxes are too low to begin with.