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This paper examines the welfare implications of preferential trade agreements (PTAs) from the perspective of small … tariffs in these two cases considering three different equilibria: Free Trade (FT), Free Trade Area (FTA), and Customs Union …
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This paper explores the economic impacts of preferential trade agreements, conditional on their level of ambition. We cluster 278 agreements, encompassing 910 provisions over 18 policy areas and estimate the trade elasticity for the different clusters. We then use these elasticities in a series...
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.S. auto tariffs. The second analyzes a 'transactional deal' between the U.S. and China to close their bilateral deficit. The … third, in the absence of such a deal, considers a potential escalation in bilateral tariffs between the two countries. Some …
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