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Import Tariffs - Basic Analysis Diagram

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 1 Dec 2018

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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

View our comprehensive playlist of revision videos on PROTECTIONISM over on the Tutor2u Youtube Channel:

https://www.youtube.com/playli...

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