5 ms·
For the EU and US: https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_541 https://ec.europa.eu/commission/presscorner/detail/en/qanda_... > For tec
by 332451b 1y ago
For the EU and US:
https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_541 https://ec.europa.eu/commission/presscorner/detail/en/qanda_...
> 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.