Import Tariffs - Basic Analysis Diagram

This short revision video takes students through the basic analysis diagram showing the effects of an import tariff introduced into a domestic market.

Contextual background: Average import tariffs set by the EU

EU tariff by product type (%)

• Animal products 15.7
• Dairy products 35.4
• Fruit, vegetables and plants 10.5
• Coffee, tea 6.1
• Cereals and preparations 12.8
• Sugars and confectionery 23.6
• Beverages and tobacco 19.6
• Wood, paper etc 0.9
• Textiles 6.5
• Clothing 11.5
• Leather, footwear etc 4.1
• Other manufactures 2.6

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