This paper examines the welfare implications of preferential trade agreements (PTAs) from the perspective of small … tariffs in these two cases considering three different equilibria: Free Trade (FT), Free Trade Area (FTA), and Customs Union …

Using highly disaggregated customs-transaction-level data, we study the importer price effects of tariffs in the …-level impact of tariffs on import prices. Findings suggest no pass-through effect from changes in tariffs but our quantity analysis …-favoured-nation tariffs. The findings emphasize the importance of varieties, defined as firm-origin combination, in import price analyses. We …

.S. auto tariffs. The second analyzes a 'transactional deal' between the U.S. and China to close their bilateral deficit. The … third, in the absence of such a deal, considers a potential escalation in bilateral tariffs between the two countries. Some …