4 ms·
No one (apart from Brexiters) cares that much about tariffs. EU tariffs are some of the lowest in the world - the average applied tariff for imports into the EU
by fundatus 5y ago
No one (apart from Brexiters) cares that much about tariffs. EU tariffs are some of the lowest in the world - the average applied tariff for imports into the EU in 2019 was just 1.88%. Compare that to 6% for India or 13% for the US. What really matters are non-tariff-barriers - and this is where the EU really excels. After all, that is what it was build for.
FDI into the UK fell from 101,241m to just 59,137m USD in 2019. Your article doesn't look at the value of the investments but just the number of projects.