06-25-2018, 10:40 PM
Prior to Trump's new tariff increases and the G7 + China's retaliatory tariff increases:
![[Image: chartoftheday_13335_where_global_tariffs...west_n.jpg]](https://infographic.statista.com/normal/chartoftheday_13335_where_global_tariffs_are_highest_and_lowest_n.jpg)
Source: World Bank, https://www.statista.com/chart/13335/whe...nd-lowest/
The European Union (EU) isn't shown on the map. It's average import tariff was the same as the U.S.'s, 1.6%.
There are some products in each country that have much higher tariffs than the country's average (as well as some products which have much lower tariffs than the country's average).
Even countries with comparatively low average import tariffs have select products that are protected in the domestic market via high import tariffs (to ensure the sustainability of the industry and its workers.)
The highest protective import tariff I've seen is Japan's on rice. The tariff on rice imported into Japan is over 750% (though Japan's average tariff is 1.89%). Canada has a tariff of over 400% on imported milk. In Germany, the auto import tariff is higher than other developed countries at 10%. The U.S. maintains an import tariff of nearly 200% on imported peanuts...
Source: World Bank, https://www.statista.com/chart/13335/whe...nd-lowest/
The European Union (EU) isn't shown on the map. It's average import tariff was the same as the U.S.'s, 1.6%.
There are some products in each country that have much higher tariffs than the country's average (as well as some products which have much lower tariffs than the country's average).
Even countries with comparatively low average import tariffs have select products that are protected in the domestic market via high import tariffs (to ensure the sustainability of the industry and its workers.)
The highest protective import tariff I've seen is Japan's on rice. The tariff on rice imported into Japan is over 750% (though Japan's average tariff is 1.89%). Canada has a tariff of over 400% on imported milk. In Germany, the auto import tariff is higher than other developed countries at 10%. The U.S. maintains an import tariff of nearly 200% on imported peanuts...