Discussion
Skyedriver said:
Since Brexit we now pay large fees in Customs Duty on things bought in Europe. What's the difference between that and Mr Trump's tariffs?
There may well be fees and Vat but it's not "duty".Our relationship with the EU was signed sealed and delivered by the government of the time and nothing was imposed unilaterally without notice or discussion.
https://www.gov.uk/trade-tariff
When you have to look to Europe for that hard to find car part or indeed most other things.
Anything over £135 gets an import duty or Customs tax.
When you have to look to Europe for that hard to find car part or indeed most other things.
Anything over £135 gets an import duty or Customs tax.
Skyedriver said:
https://www.gov.uk/trade-tariff
When you have to look to Europe for that hard to find car part or indeed most other things.
Anything over £135 gets an import duty or Customs tax.
There is no "duty" from the EU.When you have to look to Europe for that hard to find car part or indeed most other things.
Anything over £135 gets an import duty or Customs tax.
There is vat and in many cases a fee from the courier for processing.
Skyedriver said:
Since Brexit we now pay large fees in Customs Duty on things bought in Europe. What's the difference between that and Mr Trump's tariffs?
They are difference things, with different consequences.You are liable to pay any customs duties owed on anything you've bought on foreign purchases (including the USA), but unless the UK Government brings in its own tariffs you don't pay any tariff duties. Trump's tariffs are paid by the US citizens and companies, the issue is that they put a lot of those people buying from other countries and thereby impact international trade. That's how the super, best ever, most amazing businessman Trump is tanking the global stock markets.
RedWhiteMonkey said:
That's how the super, best ever, most amazing businessman Trump is tanking the global stock markets.
I may have an over simplified view but surely this is blatant global market manipulation for his billionaire’s club.. I’m sure they’ll be buying up shares at all time lows to profit when it all bounces back.. ye sure they’ll take a hit on their net worth etc in the meantime but no impact realistically..jeff m said:
Dingu said:
jeff m said:
I find it somewhat amusing that some choose to find fault with selective tariffs when the UK charges 20% VAT on virtually everything.
No sales tax in the US, no sir, none at all….jeff m said:
None national, States can set their own. mostly varies between 0 and 6%
Its really annoying how they generally don't show it on the price labels, like you are supposed to do some quick maths on the half dozen different items you just purchased. It makes getting rid of any physical dollars you have left at the airport quite tricky.RedWhiteMonkey said:
jeff m said:
None national, States can set their own. mostly varies between 0 and 6%
Its really annoying how they generally don't show it on the price labels, like you are supposed to do some quick maths on the half dozen different items you just purchased. It makes getting rid of any physical dollars you have left at the airport quite tricky.US import duty on cars made outside the US is 2.5%
Sales tax is anywhere from 0% in Alaska to 7.25% in California
UK charges 10% import duty + 20% VAT on cars
New USA import duty is 25%
So the difference in the cost of an imported car between the UK and the US could be anywhere from - 5% to +2.5%
It's unfair in the sense that it's much higher than the deal the UK and EU had before, but it's more balanced.
Sales tax is anywhere from 0% in Alaska to 7.25% in California
UK charges 10% import duty + 20% VAT on cars
New USA import duty is 25%
So the difference in the cost of an imported car between the UK and the US could be anywhere from - 5% to +2.5%
It's unfair in the sense that it's much higher than the deal the UK and EU had before, but it's more balanced.
alabbasi said:
US import duty on cars made outside the US is 2.5%
Sales tax is anywhere from 0% in Alaska to 7.25% in California
UK charges 10% import duty + 20% VAT on cars
New USA import duty is 25%
So the difference in the cost of an imported car between the UK and the US could be anywhere from - 5% to +2.5%
It's unfair in the sense that it's much higher than the deal the UK and EU had before, but it's more balanced.
The VAT is irrelevant. It applies to all cars. The import duty is the only relevant aspect. Sales tax is anywhere from 0% in Alaska to 7.25% in California
UK charges 10% import duty + 20% VAT on cars
New USA import duty is 25%
So the difference in the cost of an imported car between the UK and the US could be anywhere from - 5% to +2.5%
It's unfair in the sense that it's much higher than the deal the UK and EU had before, but it's more balanced.
jeff m said:
I find it somewhat amusing that some choose to find fault with selective tariffs when the UK charges 20% VAT on virtually everything.
We've had VAT for so long we just accept it. Like PAYE, rain, the 6 oclock news....We forget as well that in general it keeps going up although there has been the occasional dip. Maybe it's time the british public rebelled!
And when prices in general rise, so does the VAT. WTF are they spending all my money on?
But as a poster above said, that's got nowt to do with Tariffs.
Edited by Skyedriver on Wednesday 2nd April 07:55
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