Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare-maximizing tariffs are uniform across sectors. We show that tariff...

Focusing on US policies towards the Single European Market, this volume analyzes the changing character of foreign economic policy. It argues that an erosion of the boundaries demarcating foreign and domestic policy has occurred as a result of developments on both domestic and international...