Easy Win Bao Jiak Specific Formula
The tariff rate for each country was calculated as follows:
. ............................................... U.S. Trade Deficit with Country 1
Reciprocal Tariff Rate = ---------------------------------- x ----
. ............................................... Country’s Exports to the U.S 2
Baseline Tariff Rate = 10 %
These are countries with free trade practices. Only charges gst on local consumers.I am sure the tariff rate is not calculated, it’s based on how fair each country is in treating US.
That’s why UK, AU and SG are only having the lowest rates. These are lackeys to US.
I am sure the tariff rate is not calculated, it’s based on how fair each country is in treating US.
That’s why UK, AU and SG are only having the lowest rates. These are lackeys to US.
have lah at state level. for sexample californicate charges 9-10% sales tax on every purchase except raw meat and vege and basic food staples like bread (baked food not exempt) from grocer and or supermarket.These are countries with free trade practices. Only charges gst on local consumers.
In the US, I think there are no VAT or gst. Only service charges which are imposed by businesses. Now Trump has introduce import tariffs.
A counterweight to Beekok SWIFTCCP trying to expend the use of RMB and control to more countries. It can then undermine these countries in future.