Trade policy commitments to lower import tariffs and to maintain tariffs at low levels entail short and long-run political-economic costs and benefits. Empirical work examining the relationship between such commitments and the exercise of trade policy flexibilities is still relatively nascent,...

'Global Tariff War: Economic, Political and Social Implications' traces the range of impacts that global tariff wars in international trade can have on the growth and expansion of national economies. The Global economic and political status quo has faced turmoil after the US President's 2018...