The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities … exists no evidence about whether countries actually exploit their market power in trade by setting higher tariffs on goods … countries that are not members of the World Trade Organization systematically set higher tariffs on goods that are supplied …

. We also develop a general theory of second-best optimal tariffs. In dynamic HA incomplete markets economies, Ramsey … optimal tariffs trade off intertemporal terms of trade manipulation against production efficiency, risk-sharing, and … intertemporal terms of trade manipulation motive of second-best optimal tariffs. We apply our results to a quantitative …

-1973. About three-quarters of the post-Smoot Hawley decline in U.S. tariffs, for example, can be attributed to higher import …

We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …

and in imposing tariffs on imports from imperfectly competitive foreign firms. Although the optimal response to foreign …. If ad valorem tariffs or subsidies are considered, a subsidy is optimal if the elasticity of demand increases as …. Noncooperative international policy equilibrium will be characterized by export cartels and rent-extracting tariffs …

We study unanticipated tariffs on imports of intermediate goods in a setting with firm-to-firm supply relationships …

in import tariffs, and we apply this method to the United States. Tariff revenue is assumed to be distributed on a per …-capita basis, so states with greater production will experience a welfare gain from tariffs on those products (due to rising … states benefitted from reduced tariffs, with national welfare gains of $5.8 billion or $50 per household in 2017. These …