Sentence examples for average tariff rate from inspiring English sources

That reduced the average tariff rate to just 1.3percentt.

The Chinese average tariff rate currently stands at about 9.8% compared with a US average tariff rate of 3.4%.

According to the World Bank, agricultural products face a "practically insurmountable global average tariff rate of 62%".

The few exceptions are important but, by volume, some 70% of intra-regional trade is tariff-free, and the average tariff rate is less than 5%.

At the same time the figures' precision is misleading.In particular, it is hard to pin down a meaningful average tariff rate for the late 1940s.

This, according to a paper by Douglas Irwin of Dartmouth College*, explains why America's average tariff rate looked far lower in the early 1950s (12%) than in the 1930s (50%).

Many experts like to remind the president that the average tariff rates are virtually the same in the United States, Canada and the European Union, meaning most goods coming into these countries face low tariffs (less than 5percentt), if any at all.

In fact, so radically did Tokyo change course that for some years now Japan has actually had the lowest average tariff rates of any industrial nation - including the United States.

One radical solution from China might be to propose a phased but quick reduction of average tariff rates to zero (or as close to zero as you can get).

Now that average tariff rates worldwide are rather low, the low hanging fruit is long gone.

Figure 3 Import Weighted Average Tariff Rates by Industry, 1997 to 2005.