They're making it impossible for the world, which will end up trading with everybody except us.
... A value added tax is a system used by many countries around the world and is in some ways similar to sales taxes in the U.S. The Trump administration’s argument that the tax should count as a trade barrier is not widely accepted.
“We have tried at the World Trade Organization since the 1970s to get VAT-tax relief, and they’ve told us no every single time,” Navarro said Monday.
The trade adviser also said Monday that the value added tax would be an issue in any negotiations around tariffs with the European Union.
