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by mads_ravn
2442 days ago
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Thanks for the link. But isn’t it sort of meaningless to talk about unweighted percentages? If either side applies an extremely high tariff for a product that is rarely traded, then it would have a large effect on the unweighted average, but no real effect on trade (though I suppose you could argue that it can affect single sectors in a devastating matter). The best numbers I could find are more comparable, namely total US tariffs of 7.1 billion USD on imports worth 684 billion which approximately equals 1% vs EU tariffs of 5.7 billion USD on imports worth 575 which is also roughly equal to 1% [1,2]. To me that seems pretty fair. However I think the biggest issue (as an EU citizen) is the US insistence on not adhering to EU regulatory regimes, which is what I think made a lot of people oppose the TTIP. Also note that this has not been an issue when negotiating a EU-Japan trade deal. [1] https://www.handelsblatt.com/today/politics/unfree-trade-tru...
[2] https://ustr.gov/countries-regions/europe-middle-east/europe... |
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