Tariff: the most beautiful word in the dictionary?
Edward J. Balistreri, Duane Acklie College of Business Yeutter Institute Chair Suraiya Binte Ali, PhD Student in Economics Christine McDaniel, Mercatus Center, George Mason University and the Yeutter Institute
Abstract
We consider the welfare impacts of US tariff policy at the levels proposed by President Trump. A transparent trade model reveals sizable welfare losses for the US, and these losses explode under more elaborate general-equilibrium models of trade.
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