Sentences with phrase «average tariff»

Thus, the benefits for individual provinces depend heavily on whether products of interest to a particular province face above - average or below - average tariff reductions.

This is a worthy goal because even if average tariffs are generally low, they are quite high for certain products, like apparel and clothing.

Stronger Ties: CETA Tariff Elimination and the Impact on Canadian Exports shows that average tariffs on merchandise in Canada and Europe are low, thanks to years of successive bilateral and multilateral trade negotiations.

1 The U.S. Smoot - Hawley tariffs of 1930 raised average tariffs by 20 % from an already punitive 40 %.

Average tariff rates, while useful for comparison, can obscure the wide range of rates imposed on different classes of imports and on specific products.

And it was widely successful, average tariffs between GATT countries went from over 20 % to below 5 % between 1947 and 2001.

Battery - powered drills from China faced an average tariff of 1.73 % on $ 367.7 million worth of imports in 2017.

Since the General Agreement on Tariffs and Trade (GATT) in 1947, eight rounds of trade negotiations have led to an 85 - percent reduction in average tariffs.

We calculate that the US exports would face an average tariff of about 30 percent, the EU would face about 35 percent and China would face almost 40 percent.

The average tariff facing Prince Edward Island prior to the CKFTA was 62.5 %, because potatoes — one of PEI's key exports — faced tariffs up to 304 % in Korea.

As shown in Figure 1, prior to the CKFTA, Ontario faced an above - average tariff in Korea while BC faced a below - average tariff.

Footwear makers and retailers argue that shoe imports already face high tariff rates, averaging 11 percent compared with the average tariff of 1.3 percent for all consumers goods.

«In Germany, for example, the average tariff is 25 [Euro] cents / kWh.

Although the average tariffs in these sectors have been relatively low, some products face tariff peaks of 9 %.