retaliate by increasing their tariffs on imports from the United States. Using a new quarterly dataset on bilateral trade for 99 …

Using the menu-auction approach to endogenous determination of tariffs and allowing additionally for lobby formation …

Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff …-maximizing tariffs are uniform across sectors. We show that tariff escalation can be rationalized on efficiency grounds in the presence … up the chain for final-good tariffs, input tariffs may drive final-good producers to relocate abroad, mitigating their …

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 …