General Discussion
In reply to the discussion: 100% corporate. 100%. All of the advisors to the admin on upcoming trade deals. [View all]pampango
(24,692 posts)His construction of GATT (which led to the WTO) involved multilateral control of trading rules. He did not want to see a return to the tariff wars caused by the unilateral tariff increases by republican congresses and signed by Coolidge and Hoover.
The only way we could unilaterally impose whatever tariffs we want would be to withdraw from the WTO and abrogate our existing trade treaties. That kind of cowboy diplomacy would make many of our republican and tea party 'friends' very happy.
While I agree that the VAT plays a very productive role in Europe in terms of funding their very good safety net, you and I both know that the VAT is not a tariff since in raises the price of imports and domestically-produced goods by the same amount. It is somewhat regressive in nature (kind of a FICA on steroids) but it is used for a progressive purpose and is widely supported in Europe.