Sunday, January 19, 2014

These are the tariff rates of most major countries. The United Kingdom, France and the European Union all share the same rate illustrated as the bottom line.

Simple mean (click here) applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups....

China still has the highest tariff rates for imports of any major nation. China has NO export tariff.

So, when a Chinese good leaves China for the USA there is no added expense except insurance and transportation. When that same good arrives to the USA, the 2013 tariff is 1.3 percent. When good from the USA are exported they don't receive any tariffs, but, when they get to China there is a tariff of 7.9 percent as of 2011. Big difference between the cost of goods the USA exports and the cost them import. American goods have a disadvantage.