Quote Originally Posted by sinkov View Post
In this country we, allegedly, believe in 'free trade', unlike the orange buffoon on the other side of the pond. Our 'free trade' regime imposes an import duty of 10% on cars imported from the USA, we then charge 20% VAT on top of that to add to the sale price.

Forget the 20% VAT for the moment, but could some of the free trade economists on here, who are so dismissive of the Trump tariffs, please explain the difference between a 10% import duty, which we charge, and a 10% tariff which the US now charges ?

Thanking you in advance.
UK imports of cars were not tariff free in the US 4 weeks ago. I need to check out the old tariff but I think it was 10%. Quid pro quo and all that.