EU and others gear up for WTO challenge to US border tax Allies warn that Republican plan ‘definitely not compatible’ with global trade rules
The EU and other US trading partners have begun laying the groundwork for a legal challenge to a US border tax proposal in a move that could trigger the biggest case in World Trade Organisation history.
The preliminary moves come as Republicans in Congress are working to convince President Donald Trump to back a major shake-up of the US corporate tax system that would include a new “border adjustment” system. It would see US imports subject to tax and export revenues exempted.
Were the US to adopt the mechanism, it would represent the biggest shake-up in the global corporate tax system in almost a century, according to tax experts.
If somebody is behaving against our interests or against international rules in trade then we have our own mechanisms to react
Jyrki Katainen, European Commissioner Members of the WTO and trade experts warn that if the US makes the tax change, it would lead to a major challenge to the global trading system at a time when its most influential member is tilting toward protectionism under Mr Trump.
Jyrki Katainen, the European Commission vice-president who oversees EU trade policy, told the Financial Times that Europe wanted to avoid a trade war with the US as that would be “disastrous” for the world economy.
But he made clear the EU would be willing to act against the US whether it was related to a border tax proposal or the erection of other arbitrary trade barriers.
“If somebody is behaving against our interests or against international rules in trade then we have our own mechanisms to react,” Mr Katainen said. “We have all the legal arrangements within EU, but we are also part of global arrangements like the WTO and we want to respect the global rule base when it comes to trade."
YES PLEASE, IT WILL ONLY MAKE OUR NATION EVEN GREATER!
Gabriel Wilson
getting real tired of this shit
John James
But seriously, it'd only improve our economy further.
Hunter Anderson
Tfw Canada is the second largest importer of US Goods and Trump tells the WTO and the EU and NATO to get fucked and we begin exporting goods including weapons to Russia and suddenly all of Europe becomes Putin'| lap dog and the British say fuck you and then the French say fuck you and then Germany BTFO Merkel and then The Right Wing controls every super power on the planet
Xavier Baker
please Kek let this happen!
Leo Sanchez
KEK PRAISED BE HIS NAME!
Joseph Evans
You really want to go to war with a nation whose entire economy depends on waging war?
Jack Nguyen
Well, thats the direction the flow is going.
Ryder Rodriguez
Feels good
Blake Kelly
So, what I'm getting from this is that Trump is going to pull the US out of the WTO. If we aren't members of a common "legal" body, then they have no means through which to bring a suit.
Were this to escalate to real warfare, then see It'd probably help with US demographic problems as well, as certain populations would be agitated and consequentially purged.
Brody Thomas
My dubs need to be checked, not gonna check them myself for that would be heresy.
Ian Moore
Oh yeah, like anybody actually listens to the WTO. Totally enforceable.
Bitches are going to learn.
Jayden Williams
USA, Russia, Japland, jews vs China, jews, European communist bloc
Juan Ramirez
...
Mason Morris
dubs of faith checked
Liam Nguyen
danke kamerad
Christian Mitchell
Checked. Kek wills it.
Anthony Butler
A lot of things are made in the U.S. then sent out of country to be assembled and or refined and shipped back to be resold at triple the cost. The U.S also has outlets that store supplies that where shipped from factories overseas. Companies operating in the U.S. go through hell dealing with this bullshit of trying to get something they need to make a product only to have to order it and wait half a month and sign a damn contract to order more needless parts or supplies from another country if its not on hand in the outlet. Hopefully this stops the bullshit of ping pong in getting supplies so that companies here can turn out products in less time because A. Trump will force over seas manufacturers to move operations here or at least have a second smaller factory or B. Take a massive hit in the wallet. The WTO can fuck off and hopefully implode due to their hypocrisy.
Easton Davis
Holy shit it's like Episode I all over again.
Blake Hughes
At least USA, Russia, Japan Axis is strong enough to win easily.
Combine that with the domestic instability in the EU and the EU cunts don't stand a chance.
Matthew Taylor
...
Xavier Brown
This is absolutely fucking retarded. The EU Communists cannot be lined up against the wall soon enough.
Isaiah Cruz
ha ha ha ha ha ha ha
Nicholas Davis
Enjoy the FREEDOM BOMBS INBREEDS!
Gavin Richardson
No, keep it around. Helps identify faggotry on the spot.
I used to read FT all the time when I was a bluepill, mainly because I bought into the Chomsky meme. Their econ section is alright, but we live in an era where you can find most of this information already online.
Henry Long
Please stop, the American economy can only get so erect.
Levi Williams
I'm getting real tired of Star Wars politics references. Try the war for independence.
Jaxson Lewis
...
Nathan Brown
...
Owen Collins
EU is all shit and nobody in europe wants to die for them. The pols will soon find out they're powerless, and everyone resents them for importing muslims.
Robert Jackson
DO YOU HEAR THE PEOPLE SING?
Xavier Foster
...
Ethan Green
Wow, another D&C and you just jump into it like morons. I know, waaaaar xDxDxD, more white people dead, lolololol.
Brody Perez
anglokikes gonna anglokike
Samuel Morris
Look we're not going to war over taxes again no matter how much shit it fucks up across the world. The only ones fearmongering about war over this are the jews.
Mason Turner
...
Hudson Phillips
wtf I love the EU now
Oliver Allen
EU seems to accomplish that just fine without any actual war
Ethan Ross
Hopefully we can avert another brother war if this collapses the rotten EU.
Elijah Wright
to late, it is time to bring freedom and democracy to the european caliphate
Chase Turner
Yeah… America will just leave the WTO. You have to accept their faggotry.
Julian Cox
...
William Rogers
...
Dominic Young
Uh oh, Trump better watch out, he'll break international law! And then, uh, the international police will come and internationally arrest him.
Asher Watson
not even law, just "rules" Drumpf better play by the rules or Brussels will tell the teacher
Jordan Walker
Not only that, but their "threat" is that they will force us to focus on our own economy because of theoretical 'repercussions'. Which is, of course, exactly what we are doing anyway. We already have, iirc, the world's largest oil reserves (bolstered by discovering the 2nd largest oil field in the world within the past year), vast untouched mineral resources that honestly haven't even been catalogued and of course we're credited with ~90% of all major scientific discoveries of the past century.
So what's the threat? the EU won't buy our fords, toyotas and mitsubishis? Yeah, Russia and Nippon will be fine trading partners. China will what, stop selling us their dogshit steel and plastic? Wew, I guess they can all just starve to death then, and good thing Japan is building all those new steel plants over here. The EU is overrun with jihadis and disarmed, and none of them have a military worth a shit since they have been relying on us without even paying their fair share. I mean Japan doesn't have much either…but that's why they're buddying up to us. It's called having a modicum of intelligence and a sense of self preservation. And we're going to solve our bean infestation a fuck of a lot easier than rooting out mohammeds.
You want to start some shit? Lets get this going
Noah Collins
Unrelated, but has anyone seen those hydroponics farming complexes that Japan is starting to pump out to compensate for their high populations? That shit is pretty neat.
Nicholas Perry
fuck off with the clickbait article kike
Either way, EU won't last past this year. If France goes, everything goes.
Caleb Stewart
Not totally unrelated, its about gaining independence for the new Axis. Yes, I've seen the vertical farms and casually studied hydroponics, aquaponics, etc. It's all part of my master plan, which is apparently coming to fruition ovens are also part of the plan
Kevin Thomas
Don't they need 85% of votes to get anything done in the WTO? America has 16.5%.
Alexander Harris
could you give me a link to the full video of that guy's interview? i've only seen bits and pieces in webms and mp4s here, but I'd love to see the whole thing.
James Sanders
Thus began the British Revolution of 2017.
Eli Fisher
it's fanfiction-tier, but I love it.
Gavin Turner
Talks by Haku Zynkyoku They're on jewtube
Alexander Morgan
Go on EU-kikes, try it. The European white man will rise so fast Bane won't even know what happened.
William Robinson
...
Ian Anderson
It's amazing we've lived to an era where world organizations will risk their very existence solely for social signaling.
Andrew Cruz
Well, that existence was enabled by social signaling in the first place. If your trash-tier company produces nothing of value, it lives and dies by its popularity.
"She" is that kike from Avengers who constantly appears on those Joss Whedon's PAC advertisements.
On topic, how Jihad Franz plans to enforce any kind of sanction derived from this joke of a lawsuit?
Lincoln Brown
God Emperor brings the Murder/k/ube to free Bongland from its infestations. I don't need eyes to see.
Ian Ross
We're not fighting another war against each other. We're not fighting another war for Israel.
Hunter Rivera
Europeans getting a little big for their britches, yea? Do they really want to be cut down to size?
China does far worse in every way and get a free pass? Communist scum in Brussels
Angel Rodriguez
Just bomb those cunts in brussel so i can be rid of this EUSSR
Carter Reyes
I knew we would go to war with the Communists eventually
Bentley Thomas
Please stop calling these kikes Europeans. You should know full well they do not belong in Europe.
Nolan Stewart
Not how it works and furthermore enough dissenting European nations will make their own separate deals with America to break even the illusion of a unified block. The EU is powerless, it has no military.
Zachary Ward
That piece of shit verhofstadt and his other commie fuck mates have been shilling for eu-armies for years
Alexander Sullivan
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Aiden Bailey
Daily reminder that US ZOG steals from its goyim even when they work in company based outside USA. They ordered Swiss gov to destroy banking secrecy.
Jaxon Williams
I'm reminded of this
Jonathan Torres
I WANT trade wars with every-fucking-body else in the fucking world, because THEY have been using traitors in our government to fuck us all over for 30 fucking years.
Dear rest of world, Fuck you. We don't need you. We don't want you. You are fucking parasites.
Sincerely, t. Burger
Lucas Miller
The US doesn't even need trade to survive economically so who gives a shit. We're bigger than Europe geographically and have plenty of land for development.
Nolan Thompson
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Luke Adams
bump
Kevin Bailey
Simple solution: leave the WTO. And I can already see the commies' heads explode because Trump could pull the U.S.A. out of the WTO like they were demanding 10-15 years ago, and he would be applauded by the white working class, the group the commies hate more than all the capitalists combined.
Logan Torres
Is that one of those organizations that chains us to playing by Chinas rules?
