[
A value-added tax is not a tariff, but Trump blames it for America’s trade deficit with the European Union. Read More
https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2199420892-e1739569403904.jpg?resize=1200,600
https://fortune.com/2025/02/15/trump-hate-vat-why-europe-consumption-tax-has-us-vowing-reciprocal-tariffs/
Greg McKenna
How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs
Related articles
