← Back to context

Comment by pembrook

7 hours ago

Apparently you aren't aware of the EU's deep regulatory protectionism and subsidies at both EU and country level. A small portion is legitimately about protecting consumers, but ultimately this stuff is all designed by and for EU industry.

Basically all economic regions get highly protectionist when it comes to key areas like agriculture, banking, steel production, energy, automotive manufacturing, etc.

On tariffs, the US is now higher, but tariffs are a tax that passes through overwhelmingly onto the consumer (by like 95%+). Given there's essentially no fully domestic US manufacturing supply chains and the US imports everything, it's a defacto VAT from the perspective of the consumer. The EU has VAT levels that are still much higher than the average US tariff level, which is a essentially a dampener on consumption.