> For technical reasons, there is not one “absolute” figure for the average tariffs on EU-US trade, as this calculation can be done in a variety of ways which produce quite varied results. Nevertheless, considering the actual trade in goods between the EU and US, in practice the average tariff rate on both sides is approximately 1%. In 2023, the US collected approximately €7 billion of tariffs on EU exports, and the EU collected approximately €3 billion on US exports.
Yeah, I think best way is to look at the total tariffs collected by the EU on US goods - about $3.3b USD in 2023 - compared to imports ~$370b USD in 2023. So like, 1%.
No, I'm asking for details in this specific case. I don't have deep knowledge and understanding of the subject, so why is it no applicable in this case?
> The European Commission says it charges an average tariff of just 1% on US products entering the EU market, "considering the actual trade in goods". It adds that the US administration collected approximately €7 billion of tariffs on EU products in 2023 compared to the EU's €3 billion on US goods.
> A World Trade Organisation (WTO) estimate puts the average tariff rate on US products entering the EU slightly higher at 4.8%.
> In both cases, this is far off the 39% figure quoted by the Trump administration.
