Europe 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.
There's of course the opportunity to get those in line, but that requires negotiations.
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?
You can go tit for tat down the line, but all in all the numbers I gave you are the sum of everything.
Heavy tariffs won’t bring an equilibrium. It will only make imported goods expensive and allow the existing domestic producers to become laze and uncompetitive, all in all zeroing their export value.