The U.S. has the lowest trade barriers of any G20 country
A single graph explains the logic behind Trump’s aggressive tariff policy — to provide some protection for U.S. workers and companies
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Trump needs to Promote this Graph
So that’s why we’ve been able to buy things cheap for so long…
UK, OZ and Canada also have low tariff rates based on this chart.
And globally, most countries have AVERAGE rates under 10-15%.
https://en.wikipedia.org/wiki/List_of_countries_by_tariff_rate
That’s less than the EU value added tax.
And these rates would be largely inconsequential, compared with shipping and insurance relative to CIF landed value.
My sense (having worked in this area) is that these figures conceal the realities.
If you emigrate to Costa Rica (as one example), expect a 50% duty if you import a (new or used) vehicle.
Same on electronics. Anything involving assembly (jobs) gets tariffed hard.
Anything that forces up gasoline use or electricity use gets whacked hard, outside of Venezuela.
But non tariff barriers (= red tape) is where you get nailed in most places.