Between 10 and 20% of the tariffs lines of the EU, Japan, and the U.S. are affected by nontariff barriers to trade.

Question

Quizplus · Accepted Answer

Nontariff barriers, such as quotas, embargoes, sanctions, and levies, significantly affect trade by imposing restrictions or additional costs beyond traditional tariffs. This range (10-20%) reflects the complexity and variability of trade policies among major economies like the EU, Japan, and the U.S., where such measures are commonly used to protect domestic industries, control the volume of imports, or address other policy objectives.

Between 10 and 20% of the Tariffs Lines of the EU