According to the IMF and the Draghi report, internal tariffs are 45% for manufactured goods and 110% for services.
92% confidence
EconomyEuropean Union
Omissions
These figures represent the tariff equivalent of non-tariff barriers within the Single Market, not actual customs tariffs. The Draghi report cites IMF estimates from 2024. Some sources indicate the IMF estimate for goods is 44% rather than 45%, suggesting minor rounding.
SecondaryCEPR - Centre for Economic Policy Research (VoxEU)The IMF estimates that the internal barriers within the Single Market are equivalent to a 45% tariff on goods. And a 110% tariff on services.
SecondaryFortune MagazineDraghi cited IMF estimates that show Europe's internal barriers are equivalent to a 45% tariff on manufactured goods and a 110% levy on services