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Autor
Sweeney Richard J. (McDonough School of Business, Georgetown University, USA)
Tytuł
Tariffs and Welfare: a Common, Invalid Anti-Tariff Argument
Źródło
Economics and Business Review, 2023, vol. 9 (23), nr 1, s. 5-25, rys., bibliogr. 61 poz.
Słowa kluczowe
Taryfa celna, Strefy wolnego handlu, Cła, Polityka celna, Dochody
Customs tariff, Free trade area, Tariffs, Customs policy, Income
Uwagi
Klasyfikacja JEL: F10, F11, F13, F51, F68
summ.
Kraj/Region
Stany Zjednoczone Ameryki
United States of America (USA)
Abstrakt
President Trump imposed tariffs in 2017 on several of China's exports, notably steel. Many papers opposed these tariffs by using a common, invalid argument: rather than arguing these tariffs reduced U.S. welfare, they argue U.S. consumers and businesses pay the tariffs, a different, rhetorical issue. Their main evidence of harm is increases in imported goods' after-tariff U.S. prices, especially relative to other goods' U.S. prices. In a standard, small general equilibrium model (two countries, two goods, two factors), this price evidence is wholly ambiguous - it is even consistent with the view that Trump's tariff was optimal, increasing U.S. welfare. Even sophisticated papers are similarly ambiguous. All fail because they neglect how government uses tariff revenue. Relying on fallacious arguments makes the free-trade position look weak and encourages protectionism. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
Pokaż
Bibliografia
Pokaż
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Cytowane przez
Pokaż
ISSN
2392-1641
Język
eng
URI / DOI
https://doi.org/10.18559/ebr.2023.1.1
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