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According to the World Bank, agricultural products face a "practically insurmountable global average tariff rate of 62%".
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We would cut the global average farm tariff from 60% to 15%, and the American average from 12% to 5%.
This figure is 14 times higher than the total aid flow to developing countries each year.Rich nations have set tariffs on imports from developing countries at 30% higher than the global average.
The global average is 24%.
The global average is 2.33.
But the average tariff underestimates the actual level of protection.
That reduced the average tariff rate to just 1.3percentt.
The long-run global average is 3.8%.
This global average disguises great differences.
The global average was 73%.
He proposed to cut top farm tariffs by 60%, put a ceiling of 100% on any single tariff and reduce the average tariff by 46% (the average cut in farm tariffs, a measure preferred by the Americans, was 39%).
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