-generating tariffs. This approach allows us to take account of adjustment dynamics, distributional aspects and the time horizon of policy … makers and workers. In response to a unilateral increase in tariffs aggregate consumption increases only sluggishly so that … policy makers with a short time horizon tend to set lower tariffs. Workers' preferences for tariffs depend on the sector …

"High production and export subsidies in developed countries and high protection in both developed and developing … markets in Latin America and shows that reduction of direct and implicit export subsidies in the US will benefit regional … tariff-rate quota and reduction in production subsidies would have significant impact on import volume and price. Prices and …