President Trump thinks a tax called VAT makes it harder for American companies to sell things in other countries. He says it's unfair because it's added to the price of American goods when they're sold in places like Europe. But other countries say it's not a big deal.
- VAT is a tax added at each step of making and selling something.
- The U.S. uses a different tax system.
- Some European countries let companies delay paying import VAT.
- The debate is about whether VAT makes it harder for American companies to compete.
Topic | Fact/Prediction |
---|---|
VAT | Tax added at each step of making/selling. |
US Tax System | Single-stage sales tax paid by consumers. |
Trade Impact | Debate continues on whether VAT affects trade. |