This paper uses a numerical general equilibrium model to examine the quantitative importance of pre-existing factor tax … distortions for the welfare effects of tariffs and import quotas. The presence of pre-existing taxes can greatly raise the costs … revenues are used to reduce distortionary taxes. Hence there can be a large cost discrepancy between tariffs and quotas. The …

What are the distributional consequences of tariffs? We build a trade model with incomplete asset markets and … households that are heterogeneous in their income, wealth, and labor skill. We increase US tariffs by 5 percentage points and … examine several budget-neutral fiscal policies for redistributing tariff revenue. Without redistribution, tariffs hurt all …

We provide a quantitative analysis of the distributional effects of the 2018 increase in tariffs by the U.S. and its …

goverment use Pareto-optimal progressive income tax system used free trade, tariffs can Pareto-improve welfare. …This paper shows that tariffs and production subsidies can Pareto-improve welfare in a small open economy when a … government is concerned with income redistribution under asymmetric information. In international trade theory, free trade is …