3 ms·
> If tariffs are so bad, why do most countries have them? The average global tariff rate is 2.6%: * https://en.wikipedia.org/wiki/List_of_countries_by_tariff_
by throw0101d 2y ago
> If tariffs are so bad, why do most countries have them?
The average global tariff rate is 2.6%:
* https://en.wikipedia.org/wiki/List_of_countries_by_tariff_rate https://en.wikipedia.org/wiki/List_of_countries_by_tariff_ra...
Most countries have an average / mean tariff rate of <10% per the World Bank and WTO. Further, most countries probably have zero tariffs on most products, with higher ones for specific reasons:
* https://www.noahpinion.blog/p/when-are-tariffs-good https://www.noahpinion.blog/p/when-are-tariffs-good
Tariffs have been falling for decades:
* https://www.pewresearch.org/short-reads/2018/03/22/u-s-tariffs-are-among-the-lowest-in-the-world-and-in-the-nations-history/ https://www.pewresearch.org/short-reads/2018/03/22/u-s-tarif...
- readthenotes1 2y agoThe wiki link is kinda interesting. The first column is irrelevant, the last column exempts food and energy and still raises the question (based on the first column) of what the actual trade would be if there were no tariffs. Certainly for the first column it may be true that if the tariffs are so high on some products that there are going to be no imports and the "weighted actual" will be close to 0. I'm not going to the last column since it ignores two important categories.