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Agriculture apart, tariffs between the European Union and the United States are generally low or non-existent.
ECONOMIST: Scrapped | The
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NAFTA's complex rules of origin, moving instead towards a customs union with common tariffs on goods from other countries (to be set at the lowest level of any of the three).
ECONOMIST: North America
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To prevent a repeat of 1930s beggar-thy-neighbor protectionism, governments yielded significant powers over trade policy to supranational bodies such at the World Trade Organization (previously the General Agreement on Tariffs and Trade) and the European Union.
WSJ: What Will New World Order Look Like?
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On the import side, Argentina cannot raise tariffs on its own because it belongs to the Mercosur customs union.
ECONOMIST: Protectionism in Argentina
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Following in the footsteps of American solar panel manufacturers, the European Union unveiled plans late last week to introduce protective tariffs aimed at low-cost Chinese products.
FORBES: EU Finally Moves on Chinese Solar Threats
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Repudiation of the Bush Administration's recent concession to Moscow whereby the Soviet Union can obtain observer status in the General Agreement on Tariffs and Trade (GATT) even before the Kremlin adopts price reform and other market practices needed to make its economy more compatible with the GATT system.
CENTERFORSECURITYPOLICY: "Potemkin" Economic Sanctions, Take II
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The Bush Administration should at once repudiate its recent concession to Moscow which would permit the Soviet Union to obtain observer status in the General Agreement on Tariffs and Trade (GATT) before the Kremlin adopts price reform and other market practices needed to make its economy more compatible with the GATT system.
CENTERFORSECURITYPOLICY: Center for Security Policy | An Effective US Response To Soviet Economic Warfare Against Lithuania