Re:EU wants to require platforms to filter uploaded content,...
by Silhouette on Friday March 16, 2018 @07:07AM
(#16599840)
Is 2.3% really worthy of being called "high"?
Perhaps not for most industries, although presumably this is a relative scale and those working with tight margins might disagree. But as you point out yourself, the tariffs do vary significantly by industry and can be much higher in some cases.
One could equally point out that average tariffs under the WTO arrangements are also only a small percentage, which is falling, but can also be significantly higher in some sectors. Apparently quite a few people are concerned that the harder possible varieties of Brexit would cause trade with the EU to suffer severely because of those tariffs.
My personal view is that the tariffs look like a relatively small barrier overall, and while we should be careful about the sectors that could be hit much harder, it's the non-tariff barriers where we should be concentrating most of our attention.
Perhaps not for most industries, although presumably this is a relative scale and those working with tight margins might disagree. But as you point out yourself, the tariffs do vary significantly by industry and can be much higher in some cases.
One could equally point out that average tariffs under the WTO arrangements are also only a small percentage, which is falling, but can also be significantly higher in some sectors. Apparently quite a few people are concerned that the harder possible varieties of Brexit would cause trade with the EU to suffer severely because of those tariffs.
My personal view is that the tariffs look like a relatively small barrier overall, and while we should be careful about the sectors that could be hit much harder, it's the non-tariff barriers where we should be concentrating most of our attention.