World Tariff Profiles Released by WTO
The World Trade Organization published on July 2 its update to tariff and non-tariff measures imposed by more than 170 countries and customs territories. The publication also provides statistics about exports. For example, the European Union is the top destination…
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for American industrial exports, and 22 percent of those exports are duty free. Those exports account for two-thirds of the value of exports from the U.S. to the EU. Japan is the fourth-largest export market for U.S. agriculture, and the average Most Favored Nation tariff for those exports is 23 percent. About two-thirds of ag exports to Japan from the U.S. face duties.