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The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. This paper …
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This paper addresses the issue of whether Donald Trump should impose a 35% tariff on the importation of certain goods from China and Mexico, and presumably other countries. Applying utilitarian ethics leads to the conclusion that the tariff should not be imposed. The same result is obtained by...
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This paper derives all the formulae of interest in autarky, free trade, and after an import tariff imposed by a large country in terms of competitive three adjustment weights based on market inverse demand and domestic inverse supply and the ratio of inverse supplies slopes. It also offers...
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