dominates the leveling of tariffs. Imports from outside of Mercosur increase under the new regime even though tariffs against …

How large are optimal tariffs? What tariffs would prevail in a worldwide trade war? How costly would be a breakdown of … that optimal tariffs average 62 percent, world trade war tariffs average 63 percent, the government welfare losses from a … multilateral trade negotiations average 0.5 percent. Optimal tariffs are tariffs which maximize a political economy augmented …