Trump, Europe and trade Stokes
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President Trump has delayed imposing new tariffs on the European Union, leading to renewed trade negotiations and a surge in stock markets.
Value-added tax rates vary by country, and some countries exclude certain goods or services from the tax altogether. For example, the European Union requires that an EU country’s VAT rate must ...
Valdis Dombrovskis, the European Union's economy commissioner ... “We do not see any possibility to move away from our value-added tax,” the EU's Valdis Dombrovskis told The Wall Street ...
But his threat to hit the union with a steep tariff raised ... They continue to criticize a European value-added tax and other policies they say discriminate against American businesses.
Investigators allege EU funds were threatened by a complex VAT evasion scheme tied to Chinese-run firms in Italy.