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Tariffs - What Do They Achieve?

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Manage episode 465419882 series 3304320
Content provided by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

We discuss the effects of tariffs on consumers and producers, drawing on evidence from the tariff war during the first Trump administration.

The empirical evidence shows that import tariffs led to increases in domestic prices, reductions in import quantities and a reduction in product variety. This coupled with additional adverse effects on global supply chains and retaliatory tariffs makes it hard to understand how the U.S. can gain in economic terms from tariffs.

We draw our insights from this academic paper:

Amiti, Weinstein, Redding: "The Impact of the 2018 Tariffs on Prices and Welfare"

https://www.aeaweb.org/articles?id=10.1257/jep.33.4.187

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 465419882 series 3304320
Content provided by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

We discuss the effects of tariffs on consumers and producers, drawing on evidence from the tariff war during the first Trump administration.

The empirical evidence shows that import tariffs led to increases in domestic prices, reductions in import quantities and a reduction in product variety. This coupled with additional adverse effects on global supply chains and retaliatory tariffs makes it hard to understand how the U.S. can gain in economic terms from tariffs.

We draw our insights from this academic paper:

Amiti, Weinstein, Redding: "The Impact of the 2018 Tariffs on Prices and Welfare"

https://www.aeaweb.org/articles?id=10.1257/jep.33.4.187

  continue reading

100 episodes

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