Re:US Administration announces 34% tariffs on China – 20% on EU
by rstuart4133 on Thursday April 03, 2025 @05:10PM
(#43575463)
> moderately high tariffs at the EU border,
I've this assertion made here multiple times. The LLM's tell me the average tariff on goods coming into the EU is 2-3%. That's not what I would call "high". The tariffs imposed by the current USA administration start at 10%, and range up to 54% for nation it imports most from (China). Now that's what I would call "high", although if you are going to call 2-3% moderately high then you need a better superlative - perhaps "extreme".
Re:US Administration announces 34% tariffs on China – 20% on EU
by systoll on Thursday April 03, 2025 @07:25PM
(#43576673)
> The LLM's tell me
Actual sources of information give you 1.39% [1]
[1]: https://data.worldbank.org/indicator/tm.tax.mrch.wm.ar.zs
That's the European Union, with no tariffs within the EU, moderately high tariffs at the EU border, and few policy shocks. The EU plugs along, with somewhat protected industries, moderately high prices, good quality, and some export business.