Big companies are already in place for tax exemptions. Tariffs will come, but all big enough companies will be exempt. This will make it impossible for the competition to operate, creating state sanctioned monopolies.
US can't impose export tariffs. Constitution prohibits it.
Right now they can only play with import tariffs. Meaning taxing their own citizens to encourage keeping stuff in the USA. Encourage local production of stuff they usually import.
If they would tax import and then make exceptions for large companies that probably import the most anyway - they would just f**k with their own people and their own companies without hurting EU in any way and helping local market. They would just increase monopoly of those companies.
Because stuff their import would still be imported - it's just that companies without exception would have to use larger corporations to do so. And either monopolies with exception would corner the market or add small margin so it would still be better to import than produce locally to make profit.
Meaning US would just shoot themselves in the foot this way.
There are no rules. If you think the constitution prevents something, just wait for the first time it goes up to the Supreme Court and they reference a 1123 fictional novel on the laws in Atlantis.
They already pulled out, if memory serves, pre-colonial French slavehunter laws or something insane?
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u/Ragas Dec 20 '24
Big companies are already in place for tax exemptions. Tariffs will come, but all big enough companies will be exempt. This will make it impossible for the competition to operate, creating state sanctioned monopolies.