In this paper we construct a Ricardian model of trade in vertically-differentiated products between a developing … country and the (developed) rest of the world. Despite labour being the only factor of production in this model, tariffs (in …-voter's preferred reliance on tariffs versus income taxes in order to effect the desired redistribution. Using data from 44 countries we …

We analyze a two country-two good model of international trade in which citizens in each country differ by their … specific factor endowments. The trade policy in each country is set by the politician who has been elected by the citizens in a …

bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round … and episodes of bilateral liberalization. Our econometric estimations show that the reduced tariffs imposed on emerging … the probability of recording new flows. Growth in emerging countries' exports at the extensive margin of trade has been …

Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy … evidence suggests that wholesalers and retailers play an active role in international trade. We present a model of retailers …

small. This has been replaced by an agreement abolishing this practice. However, the presence of other trade barriers, such … as tariffs, can continue to disadvantage foreign firms. We analyze the bidding strategies in such a game and show that … when domestic profits are valued, tariffs will be used to discriminate against foreign firms. Furthermore, we find that …

non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and …The debate on trade wars and currency wars has re-emerged since the Great recession of 2009. We study the two forms of … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …

reduction in average US tariffs – larger than CUS-FTA, NAFTA, and the liberalization accompanying the granting of PNTR to China … technology-intensive industries, suggesting a complementarity between trade liberalization and skill-biased technological change … intermediate inputs. Finally, we show that policymakers dampened the observed impact of tariffs on inequality by assigning smaller …

established in 2001 but instead on the terms-of-trade theory of trade agreements to identify tariff negotiating priorities. This … paper uses the lens of the terms-of-trade theory to investigate three specific areas in which it is frequently alleged that … currently applied tariffs are “too high,” the implication being that there are still tariff reductions out there for an …

The trade war initiated by the Trump administration is the largest since the US imposed the Smoot-Hawley tariffs in the …. Our results highlight the political salience of the trade war: US trade war tariffs boosted Trump’s support but foreign … retaliation hurt Trump. In particular, the pro-Trump effects of US trade war tariffs were crucial for Trump crossing the recount …