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by fyoving
2541 days ago
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Even with recent tariffs, US tariffs are still generally low, it's hardly a poster child for "protectionism", the EU has other barriers in addition to tariffs and much of it is due to french protectionism. If you think that these "loopholes" should be closed then close them for all companies and countries, don't enact discriminatory laws and then act indignant about it. |
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The estimated trade weighted average of tariffs by the US after the tariff announcements in 2017 was 2.2%. I couldn't find any more recent number. [1]
For the EU this appears to be around 1.8% (2017). [2]
It is true that the EU used to have higher tariffs though, but I don't think this is still true with the new, recent tariffs by the US.
You can find the old number of 1.7% by the US in the second link I provided.
In any case those numbers are still low. The US was at 2.3% and the EU at 3% in 2015. [3]
[1]: http://www.iberglobal.com/files/2018/Trade-Wars_CPB.pdf Page 10
[2]: https://data.worldbank.org/indicator/tm.tax.mrch.wm.ar.zs
[3]: https://www.bbc.com/news/business-44291103