Reevaluating Tariff Rates: Balancing Trade, Domestic Production, and Social Funding

• Trump and supporters reject the Neoliberal consensus.
• Tariff rates should match the exporter’s VAT rate.
• General tariffs should consider benefits extended by countries like Canada, China, and Mexico.
• Exempt products that cannot be produced domestically.
• High tariffs should fund subsidies for developing domestic industries.
• Tariffs or VAT should fund healthcare subsidies beyond employer coverage.
• Domestic military basing should be funded by tariffs or VAT.
• Social Security premiums should be funded by tariffs or VAT.
• Childcare and tax credit subsidies should be funded by a subtraction VAT.
• Capital gains taxes should be replaced by a separate VAT.
• Policymakers should discuss tariffs and domestic VAT in the media.
• Tariff setting and spending should be carefully planned.

Source: fiscalequity.blogspot.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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