US Auto Production capacity has dropped from 80% in 2020 to 50% in 2024. The US needs to restore auto production capacity to convert to Defense Production to respond to attacks from China, Russia North Korea and Iran.
In addition, the US needs to secure on-shore manufacturing of Steel, Aluminum and Drugs to ensure their availability.
The US Trade Deficit is over $1 trillion.
Country US Deficit
China $295.4B
EU $235.6B
Mexico $171.8B
Vietnam $113.1B
Ireland $80.5B
Germany
$76.4B
Japan $70.3B
Taiwan $67.4B
Canada $63.3B
India $45.7B
S Korea $44.4B
These
trade deficits are narrowing.
https://worldpopulationreview.com/country-rankings/us-trade-deficit-by-country
The offer of a 15% Corporate Tax will serve as an incentive for our favorite foreign cars to be produced in the US by companies headquartered in Japan, Germany and S Korea.
The restoration of forestry in the US will increase supply and lower the cost of single family homes and solve the forest fire problem. The expansion of mining for rare earth minerals will give us our own domestic supply to manufacture our own chips.
The
20% European Vat Tax is a separate import tax on US autos.
|
Country of Purchase |
VAT Standard Rate* |
Minimum in Local
Currency |
|
Austria |
20% |
€75.01 |
|
Belgium |
21% |
€125.01 |
|
Bulgaria |
20% |
250 BGN |
|
Croatia |
25% |
€100 |
|
Czech Republic |
21% |
2,001 CZK |
|
Denmark |
25% |
300 DKK |
|
Estonia |
20% |
€38.01 |
|
Finland |
24% |
€40 |
|
France |
20% |
€175.01 |
|
Germany |
19% |
€50.01 |
|
Great Britain |
20% |
No refund |
|
Greece |
24% |
€50 |
|
Hungary |
27% |
74,001 HUF |
|
Iceland |
24% |
6,000 ISK |
|
Ireland |
23% |
€75 |
|
Italy |
22% |
€154.95 |
|
Latvia |
21% |
€44 |
|
Lithuania |
21% |
€55 |
|
Luxembourg |
17% |
€74 |
|
Malta |
18% |
€100 |
|
Netherlands |
21% |
€50 |
|
Norway |
25% |
315 NOK |
|
Poland |
23% |
200 PLN |
|
Portugal |
23% |
€61.50 |
|
Romania |
19% |
250 RON |
|
Slovakia |
20% |
€100.01 |
|
Slovenia |
22% |
€50.01 |
|
Spain |
21% |
No minimum |
|
Sweden |
25% |
200 SEK |
|
Switzerland |
8% |
300 CHF |
|
Turkey |
10–20% |
118 TRY |
https://www.ricksteves.com/travel-tips/money/vat-rates-in-europe
In
Europe, the average excise duty on gasoline is around €0.548 per liter
(or $2.24 per gallon), while the average excise duty on diesel is
about €0.445 per liter (or $1.82 per gallon).
https://taxfoundation.org/data/all/eu/gas-taxes-in-europe-2024/
Comments
Europe needs to put their citizens first and reduce their Vat and Gas Taxes.
Norb
Leahy, Dunwoody GA Tea Party Leader
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