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 …

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 escalation can be rationalized on efficiency grounds in the presence …

Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs … through outsourcing. The objective is to raise domestic employment. Given that many of the important international markets … oligopolistic context. We find that while an outsourcing tax favors domestic workers by causing firms to switch to a greater use of …

that offsetting effects on the newly imposed tariffs were substantial. …