alt Hacker NewsEurope has tariffs pretty much in line with the US. The weighted average tariff for the EU is 2.7% and 2.2% for the US.
There's of course the opportunity to get those in line, but that requires negotiations.
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bagels • 04/03/2025
Had, past tense.
Weighted average is an interesting metric, but I'm not sure of its value in this context. I can imagine that perhaps 2-3% is more of an equilibrium and any amount of tariffs will still trend towards some market equlibrium.
I believe the EU has 10% tariffs on all US autos and we didnt have tariff theirs. That seems relevant in a way that this weighted average doesn't account for, right?