Are Tariffs a New US VAT Tax?
The Big Picture
MARCH 31, 2025
As the chart at top implies, it appears that the economic changes are not a one-time adjustment but a permanent tax on consumption. tariff implementation seems to be moving towards the equivalent of a national VAT tax. tariff implementation is not the equivalent of a national VAT tax. In a word, the U.S.
Let's personalize your content