Boer, Lukas; Rieth, Malte - 2024
persistently, in aggregate and across sectors and space. The general equilibrium import elasticity is -0.8. Historically, NAFTA/WTO …We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining …. Tariff shocks are more important than trade policy uncertainty shocks. Tariff shocks depress trade, investment, and output …