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We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining … depress trade, investment, and output persistently. The general equilibrium import elasticity is -0.8. Historically, NAFTA …
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to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …
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to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …
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, Mango, and most other exports. It slows down output growth of most import substituting goods, while accelerating output …
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The role of international trade was irreplaceable at the start of the COVID-19 pandemic crisis, especially the trade in medical supplies and food for all affected countries. Trade as a part of this crisis, certainly should not be an element of further countries' closing and new trade barriers...
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