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trade policy. The issue exploded into prominence in 2018 when President Trump authorized tariffs on imported steel and … 1962. The justification for the finding was widely perceived as frivolous, the tariffs as politically inspired, and the …
Persistent link: https://www.econbiz.de/10012827399
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 …
Persistent link: https://www.econbiz.de/10013334443
In this paper, we investigate the scale of the drop in American imports after it imposed punitive tariffs on Chinese …
Persistent link: https://www.econbiz.de/10014339778
announcement of higher tariffs. Announcements of higher tariffs between China and the U.S. caused share prices to tumble … U.S. president from increasing tariffs …
Persistent link: https://www.econbiz.de/10012007679
that offsetting effects on the newly imposed tariffs were substantial. …
Persistent link: https://www.econbiz.de/10012792730
strategies with which companies can reduce the negative effects of tariffs and discusses strategies that are good options for … effects of tariffs and discussions on optimal strategies for companies in the steel industry. …
Persistent link: https://www.econbiz.de/10012206515
Persistent link: https://www.econbiz.de/10001469648
The Tax Cuts and Jobs Act (TCJA) of 2017 marked a significant change in U.S. domestic and international tax policy, altering incentives for U.S. firms to own foreign assets. We examine the initial response of U.S. firms’ foreign acquisition patterns to the TCJA’s key reform provisions. We...
Persistent link: https://www.econbiz.de/10012244978
The welfare cost of imperfect competition in the product and labor market as well as distortionary taxation is quantified in a dynamic general equilibrium model parameterized to fit the U.S. economy. We find that the welfare cost of imperfect competition in the product market is 35.74 percent...
Persistent link: https://www.econbiz.de/10011583610
We measure the importance of increasing returns to scale and trade in medical services. Using Medicare claims data, we document that “imported” medical care—services produced by a medical provider in a different region—constitute about one-fifth of US healthcare consumption. Larger...
Persistent link: https://www.econbiz.de/10014358571