alt Hacker NewsCan you provide an example, especially for the EU?
From what I read, the average tariff applied by the EU is under 1%. Other comments say Trump has just divided imports by exports to calculate his tariff rates.
Can you provide an example, especially for the EU?
From what I read, the average tariff applied by the EU is under 1%. Other comments say Trump has just divided imports by exports to calculate his tariff rates.
On a trade weighted basis it’s more like 3%-4%. The US is indeed lower on average, but marginally by like 1-2% on average.
But I think the concern is more key industries for the US like autos, tech (EU never ending fines are essentially tariffs), etc. where the disparity is more dramatic. But it’s still not a 20% difference.
Another concern is the devaluation of the Euro vs the dollar due to certain economic policies. Which again is a defacto tariff.
Anyways, my guess is this is a negotiating position since 20% seems excessive, but I could be wrong.