In the early stages of the Kennedy Round of multilateral trade negotiations in the 1960s, U.S. officials

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In the early stages of the Kennedy Round of multilateral trade negotiations in the 1960s, U.S. officials claimed that the European Economic Community (EEC) had higher average tariff rates than did the United States, and EEC officials claimed that the United States had higher average tariff rates than did the EEC. It so happened that both claims were correct. How is this possible?
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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