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Trump trade war: EU ready to PUNISH 200 brands as US threatened with tech tax

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Bradlux

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Relations between Brussels and the White House have become strained over a raft of different issues ranging from proposed steel and aluminium tariffs to data protections and disagreement over the Iran nuclear deal.

Washington has been enraged by the European Commission’s publication of a draft list of US imports to be targeted for retaliatory tariffs, including Jack Daniels whisky and Harley Davidson motorbikes.

And a draft proposal suggesting the new “tech tax” would hit companies with an annual global turnover of more than €750m and total taxable revenues of €50m generated in the EU has done little to improve the transatlantic mood.

Trump trade war: EU ready to PUNISH 200 brands as US threatened with tech tax | World | NewsWorldabcnews | Worldabcnews
 
Here's the high-level list of American products that will be taxed if attempted to be sold abroad,

Sweetcorn/Feedcorn
Rice
Peanut Butter
Cranberries
Orange Juice
Whisky
Tobacco
Eye Make-up
Steel
Footwear
Jeans/Overalls
Aluminum
Appliances/White-Goods
Kitchenware
Sail/Motorboats
Paper pulp
Tablecloths
Raw textiles
Women's Jewelery
Batteries
Autos
Bedding

http://trade.ec.europa.eu/doclib/docs/2018/march/tradoc_156648.pdf
 
brothern said:
Here's the high-level list of American products that will be taxed if attempted to be sold abroad,

Sweetcorn/Feedcorn
Rice
Peanut Butter
Cranberries
Orange Juice
Whisky
Tobacco
Eye Make-up
Steel
Footwear
Jeans/Overalls
Aluminum
Appliances/White-Goods
Kitchenware
Sail/Motorboats
Paper pulp
Tablecloths
Raw textiles
Women's Jewelery
Batteries
Autos
Bedding

http://trade.ec.europa.eu/doclib/docs/2018/march/tradoc_156648.pdf
Click to expand...

If the EU responds in this manner I hope for a non-linear comeback. We should simply reduce our footprint in NATO. We should order the IRS to do a more vigorous audit of cross-border transfer pricing done by EU auto makers.

Trump has been disappointing WEAK in areas such as these.
 
brothern said:
Here's the high-level list of American products that will be taxed if attempted to be sold abroad,

Sweetcorn/Feedcorn
Rice
Peanut Butter
Cranberries
Orange Juice
Whisky
Tobacco
Eye Make-up
Steel
Footwear
Jeans/Overalls
Aluminum
Appliances/White-Goods
Kitchenware
Sail/Motorboats
Paper pulp
Tablecloths
Raw textiles
Women's Jewelery
Batteries
Autos
Bedding

http://trade.ec.europa.eu/doclib/docs/2018/march/tradoc_156648.pdf
Click to expand...

There's already extra taxes/tariffs applied to US autos. It's why a corvette costs more than a 911 in Europe, and a mustang more than an M3.
 
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Woi said:
Hmm, let's check:
Cheapest Corvette, a Stingray, starts at €82720 while the cheapest 911 is €101253.
You were saying?

Oh, and the Mustang is €39000 while the M3 is €81000 (!).
Click to expand...

Sorry, meant Corvette Z06, the comparable model to a 911. For the base stingray, porches comparable model wouldn't be the 911, their premium model.

When I try to click on your 81k M3, it takes me to a German Porsche site that crashes my bowser. I'll look into it, from US sites.
 
Woi said:
Hmm, let's check:
Cheapest Corvette, a Stingray, starts at €82720 while the cheapest 911 is €101253.
You were saying?

Oh, and the Mustang is €39000 while the M3 is €81000 (!).
Click to expand...

OK, so my Google fu has failed me....finding foreign sites for car prices that are in English is tricky. So, I gotta be more specific for you....if you wouldn't mind redoing your search? If I'm wrong, I will admit it.

So, from what I've been told, a mustang GT (v8 model, not v6 from your first search) vs a BMW M3, NOT an M3 GTR, or any other sort of specced up version.

A base corvette vs a base Porsche Cayman, or a ZO6 vs a Porsche 911 (non turbo AWD version).
 
KevinKohler said:
OK, so my Google fu has failed me....finding foreign sites for car prices that are in English is tricky. So, I gotta be more specific for you....if you wouldn't mind redoing your search? If I'm wrong, I will admit it.

So, from what I've been told, a mustang GT (v8 model, not v6 from your first search) vs a BMW M3, NOT an M3 GTR, or any other sort of specced up version.

A base corvette vs a base Porsche Cayman, or a ZO6 vs a Porsche 911 (non turbo AWD version).
Click to expand...

Depending on what country cares in Europe are taxed on engine size. Italy I know used to do this.


The mustang GT is 48.6 k euros the M4 79k euros
 
Lord Tammerlain said:
Depending on what country cares in Europe are taxed on engine size. Italy I know used to do this.


The mustang GT is 48.6 k euros the M4 79k euros
Click to expand...

M3 is less. And yeah, I get the gas gusseler tax , but there are additional taxes applied to American cars sold in Europe.
 
Bradlux said:
Relations between Brussels and the White House have become strained over a raft of different issues ranging from proposed steel and aluminium tariffs to data protections and disagreement over the Iran nuclear deal.

Washington has been enraged by the European Commission’s publication of a draft list of US imports to be targeted for retaliatory tariffs, including Jack Daniels whisky and Harley Davidson motorbikes.

And a draft proposal suggesting the new “tech tax” would hit companies with an annual global turnover of more than €750m and total taxable revenues of €50m generated in the EU has done little to improve the transatlantic mood.

Trump trade war: EU ready to PUNISH 200 brands as US threatened with tech tax | World | NewsWorldabcnews | Worldabcnews
Click to expand...

Have you ever been outside the US? Let’s take cars for an example. If you want to buy an American made car in Germany for example you pay on average 29% more for that car than what it would cost you in the US. Yet, they flood the US with BMWs for the same price or less they cost over there. The Europeans have been doing for years what we just started to do.
 
KevinKohler said:
M3 is less. And yeah, I get the gas gusseler tax , but there are additional taxes applied to American cars sold in Europe.
Click to expand...
The US has a 2.5% tariff on cars made in Europe and 25% on trucks and vans. The EU has a standard WTO max tariff of 10% on all car imports.

Sendt fra min SM-N9005 med Tapatalk
 
AustralianuS said:
Have you ever been outside the US? Let’s take cars for an example. If you want to buy an American made car in Germany for example you pay on average 29% more for that car than what it would cost you in the US. Yet, they flood the US with BMWs for the same price or less they cost over there. The Europeans have been doing for years what we just started to do.
Click to expand...
You pay the currency difference plus a 10% tariff.

On top of that you pay of course local taxes which are usually decided on engine size, pollution and efficency. Because American cars are generally poor on all or most of these criteria, then the price to run the car will be much higher.

But why on earth would you want an American made car? Sure a muscle car but then you can afford the extra cost.. but ordinary American made cars...?

Sendt fra min SM-N9005 med Tapatalk
 
Rexedgar said:
Well these have some sporty models........

https://r.search.yahoo.com/_ylt=Awr...-brands//RK=2/RS=tZmwSnAXNX1szU5t1lhN_dHQh7A-
Click to expand...

The whole concept of tariffs are designed for politicians to sell protection to certain classes of people who have a disproportionate interest in keeping their own bread well slathered in butter by taking a little bit off everyone elses, thinking they wont notice. Soon it adds up to big numbers.

Trump is doing everyone a favor buy opening this ugly can of worms for all to see.

Relations have soured between Britain and New Zealand amid allegations of a Europe-wide campaign to protect home producers against butter imports.
The row centres on the import of spreadable butter, which is malleable straight from the fridge and has quickly become a popular alternative to blocks of spread hard enough to bend knives and tear bread. Anchor is at present the only company selling the product in the United Kingdom and has enjoyed booming sales as a result.

This success was soured last week when several New Zealand Dairy Board executives in Britain were technically "arrested" by UK Customs and Excise officers who claimed that technically the product was not butter as defined by the European Union. Although the raw materials are the same, the manufacturing process for the new product is different.

Sir Dryden Spring, chairman of the New Zealand Dairy Board, reacted angrily to the claim, saying that British customs were trying to block imports of spreadable butter from New Zealand by alleging that it did not qualify for entry under the EU quota for reduced import duty.

Under international trade rules, New Zealand has been allowed to export nearly 77,000 tons of butter a year to the EU. The board saw last week's move as part of a bid to erect trade barriers and protect European dairy farmers. Sir Dryden said it was another example of the dairy trade being "subject to interference, control and distortion by foreign governments".
Click to expand...

https://www.independent.co.uk/news/butter-imports-spread-new-discord-with-new-zealand-1351925.html

Why do we have a federal department of agriculture but not a federal department of computer programmers ?

 
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