Can Tariffs Benefit Our Nation?
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Date
2025-01-29, 1/29/2025
Authors
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Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
When can adopting tariffs increase a country's welfare? In this policy paper, PERC Fellow Amy Glass discusses the conditions needed for a large country to achieve an optimum tariff, terms of trade, and changes in price due to tariffs. Trade war effects and shifts in production due to tariff avoidance are also discussed.
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Keywords
tariff, optimum tariff, terms of trade, United States, trade war