3 ms·
Tariffs are only *one* means of trade policy. Pretending that they are the end all be all is nonsense. One quick example: France passed a Tax bill which targets
by onepointsixC 4y ago
Tariffs are only *one* means of trade policy. Pretending that they are the end all be all is nonsense. One quick example: France passed a Tax bill which targets only companies with revenues of more than 25 million euros there and 750 million globally. The catch? There's 30 companies which it applies to, but only one which is French[1]. Thus it is officially classified as merely local tax and not a tariff but in effect is a tariff on large foreign companies to give pricing advantages to local French ones. But per your measurement is a zero percentage tariff.
There are plenty of other subsidies and policy making ways to be protectionist.
And if it really were such nonsense to suggest other wise, why can you not explain the discrepancy of the US - EU trade balance. It should be simple.
[1]: https://www.bbc.com/news/world-europe-48947922 https://www.bbc.com/news/world-europe-48947922