5 ms·
I agree with you, but the EU needs to be fair. US imposes a 2.5 percent tariff on European autos. The EU imposes a 10 percent tariff on US autos. How is that
by JPKab 8y ago
I agree with you, but the EU needs to be fair.
US imposes a 2.5 percent tariff on European autos. The EU imposes a 10 percent tariff on US autos. How is that fair? Why should the US not impose tariffs and just accept that?
- dghughes 8y agoThen there is the so-called Chicken Tax. https://en.m.wikipedia.org/wiki/C https://en.m.wikipedia.org/wiki/C
- moorhosj 8y agoSolving disputes like this is the reason the WTO was created.
- whatyoucantsay 8y agoAnd it has failed spectacularly in the case of China... for decades.
- jcranmer 8y agoAnd the US charges 88% tariffs on sugar imports over quota, while the EU has no sugar quota. It's very easy to cherry-pick particular tariffs, but the truth of the matter is that maximum tariffs are generally constrained by international agreements that have lots and lots of horse-trading over what is accepted. When you look at all products, the US doesn't look particularly generous compared to the EU. Source: https://www.economist.com/finance-and-economics/2018/06/14/how-open-is-america https://www.economist.com/finance-and-economics/2018/06/14/h...
- JPKab 8y agoI've seen aggregate value measures which clearly demonstrate the EU as more protectionist. It should also be pointed out that the EU has sugar tariffs which is why beet sugar is big in Europe.
- JohnSully 8y agoThe US imposes a 25% tariff on light trucks which is where all the action is these days. Ford makes the bulk of its profits from pickup sales.