Wheying up the cost of an import tariff

The Trade Analysis twitter feed is an excellent source of contextual background on trade and investment news in the world economy and I recommend it to students and teachers. They recently posted a ranking of the highest import tariffs on products coming into the EU economy and top of the list was Whey protein.

The current import tariff on whey protein is a staggering 130%. It is a good example of how an import tariff has a direct effect on consumers of beauty / lifestyle products. Presumably at such a high tariff rate, the incentive to try to avoid the tariff is pretty strong? I loved the response of one of the followers of the Trade Analysis twitter feed who suggested that a 130% tariff implies that bodybuilders are not great at political lobbying!