The Tholos Foundation's latest index places the United States at 61st out of 122 countries in trade barrier rankings, primarily due to non-tariff restrictions and a lack of trade agreements. The analysis, conducted before Trump's 'reciprocal tariffs', warns that finalizing these tariffs could push the U.S. down to 113th place overall. The report highlights the correlation between lower trade barriers and greater economic prosperity, noting that wealthier nations tend to impose non-tariff barriers while poorer countries utilize tariffs more frequently.
The index reveals that wealthier nations tend to employ non-tariff barriers more than poorer nations, which frequently depend on tariff-based restrictions for trade management.
According to Tholos, countries demonstrating lower trade barriers achieve greater prosperity, economic freedom, and improved environmental performance, illustrating a clear link between trade openness and economic health.
Collection
[
|
...
]