FD,
Quote:Who cares? You can now buy a $4 shirt from kmart, or a $40 one from a specialty store, or even a $400 one if you are that way inclined.
It is not for the government to decide for you.
For Freediver to ponder:
The EU makes heavy Tariffs on Australian exports.
https://nff.org.au/wp-content/uploads/2021/03/NFF_Factsheet_Australia-EU-FTA_202...The Australia-EU trading relationship is Australia’s second largest, and the EU is
Australia’s second largest destination for goods exports. However, a trade deficit
of about $38 billion exists and
the EU’s barriers to agricultural imports are notoriously prohibitive.The average EU tariff on agricultural imports is 14.2%. This is much higher than
the average tariff on non-agricultural products, which is just 4.2%. The EU
also maintains 142 tariff-rate quotas (TRQs) for agricultural products - a major
frustration for Australia’s exporters.
Dairy faces the highest average tariff, at 32.3%. Sugar and meat are not far behind,
at 27% and 19% respectively. By some estimates, the EU’s agricultural imports
would be $31 billion (AUD) higher if these tariffs were eliminated. The opportunity
here for Australian farmers is significant.
In addition to these direct barriers to trade, the EU also maintains a complicated and
sizeable system of indirect barriers to trade, called the Common Agricultural Policy