Why Trump has thrown VAT into the trade stand-off
- Posted on February 21, 2025
- By Business News Today
- 4 Views
Why Trump has thrown VAT into the trade stand-off
President Donald Trump argues that value-added taxes (VAT) in other countries contribute to the U.S. trade deficit, particularly against nations like Germany. The criticism focuses on VAT's impact on imports and exports and suggests they disadvantage U.S. businesses, an argument disputed by some experts.
