3 ms·
Weighted mean applied tariffs in developed countries are normally in the 0.5-3% range; the US was a little under 2% pre-minihands, Europe's a little less than t
by rsynnott 2y ago
Weighted mean applied tariffs in developed countries are normally in the 0.5-3% range; the US was a little under 2% pre-minihands, Europe's a little less than that, as was China pre-minihands.
In general, tariffs which work out to >10% mean applied are only found in the poorest countries (where high tariffs arguably _can_ make sense if practically all industry is extractive/agricultural, on the basis that they may spur development of local secondary industry), or in weird micronations.