PortaJohn
- By Fig
- The Bear Pit
- 145688 Replies
Australia already imposes an across the board 10% GST (Goods and Services Tax, an import tax) as well as a 5% customs duty. https://go.shipbob.com/au/blog/import-taxes-australia/
How is their 15% tax on everything we sell them any different than a %15 tariff? It's not. They're not retaliating because they've been making anything Made in America cost 15% for forever. This is what people don't understand.
Trump is targeting import taxes, tariffs, whatever you want to call them (Europe calls it a VAT) because all of our supposedly "free: trading partners tax the shit out of everything we still make (which isn't much anymore).
This is an attempt to onshore American manufacturing, and it is likely going to be painful, but if we don't do it we are completely fucked. The globalist free trade bullshit, and it is bullshit, because we're the only ones who actually practice it, is to the detriment of own people.
Canada taxes the fuck out of our goods, which is why Trump went ballistic when they tried to threaten us. The Australians are much smarter, and will negotiate without making asses out of themselves.