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President Donald Trump vowed to apply reciprocal tariffs against countries that unfairly compete with the American economy. He described a process to take in to account VAT and non-monetary barriers to ensure 'fair trade' in dealing with U.S. companies.
This is a game changer when it comes to supporting American business.
I'm living in South Korea and here they have VAT. This tax is equally applied to all things you purchase. So it is not like a Tariff but more like a sale tax like most US states have.