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Trade Policy and Global Sourcing : An Efficiency Rationale for Tariff Escalation
Antràs, Pol; Fort, Teresa C.; Gutierrez, Agustin; … - National Bureau of Economic Research - 2022
escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare … tariff in either sector boosts the size and productivity of that sector, raising welfare. While these forces are reinforced … potential productivity benefits. The welfare benefits of final-good tariffs thus tend to be larger, with the optimal degree of …
Persistent link: https://www.econbiz.de/10013334443
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Lessons from U.S.-China Trade Relations
Caliendo, Lorenzo; Parro, Fernando - National Bureau of Economic Research - 2022
employment during the same period; and (iii) the recent trade war generated welfare losses, had small employment effects, and was …
Persistent link: https://www.econbiz.de/10013361989
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The Margins of US Trade
Jensen, J. Bradford - 2012
Recent research in international trade emphasizes the importance of firms' extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed US trade statistics to provide a broad overview of...
Persistent link: https://www.econbiz.de/10013116133
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The Value of De Minimis Imports
Fajgelbaum, Pablo D.; Khandelwal, Amit - National Bureau of Economic Research - 2024
pins down the demand elasticity for direct shipments. Eliminating §321 would reduce aggregate welfare by $11 …
Persistent link: https://www.econbiz.de/10014576636
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Congressional Preferences and the Structure of Delegation : Reassessing the Effect of Divided Government on U.S. Trade Policy
Lipscy, Phillip Y. - 2011
We propose a new theory of how domestic preferences and political institutions interact to determine US trade policy outcomes. First, we argue that congressional representatives cater to distinct subconstituencies on trade. This explains why Democrats and Republicans switched their positions on...
Persistent link: https://www.econbiz.de/10013122194
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Trade Policy Transitions : Three Eras of U.S. Trade Policy
Bowen, T. Renee; Broz, J. Lawrence; Rosendorff, B. Peter - 2022
We analyze major transitions in U.S. trade policy using a two-factor, two-good, two-country model, where domestic policy is the outcome of political bargaining between two parties representing each factor owner—globalists and protectionists. The dominant party sets the agenda, but parties must...
Persistent link: https://www.econbiz.de/10013291080
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Understanding of Trade
Stantcheva, Stefanie - National Bureau of Economic Research - 2022
compensatory redistribution for those hurt by trade. People's understanding of the price, wage, and welfare effects of trade is …
Persistent link: https://www.econbiz.de/10013210068
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The US-China "trade war": the war nobody can win
Yılmaz, Bahri - 2019
The main aim of this paper is to analyze US-China trade relations and the so-called "trade war" between the two countries. As a first step, we will look at the trade relations between the two countries and explain why President Trump is eagerly following a protectionist trade policy toward China...
Persistent link: https://www.econbiz.de/10012111239
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Protectionism of the United States Toward Japan and Korea
McGee, Robert W. - 2016
This article examines protectionism from a number of perspectives. Part One provides some general background information describing present Japanese-American trade policy. Part Two does the same for Korean-American trade policy. Part Three offers some concluding observations
Persistent link: https://www.econbiz.de/10012980475
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FTAA, Brazil and United States : Why the Negotiations in Agriculture Came to a Deadlock
Araujo, Marco A. F.; Lima, Marcelo Jorge F. - 2015
In December 1994, in Miami (the United States), Heads of democratic States of the Americas met to formalize the will of constructing a Free Trade Area of the Americas (FTAA). Between the FTAA issues to be negotiated, agriculture was particularly relevant to two main states: Brazil and United...
Persistent link: https://www.econbiz.de/10014204957