While quotas can be expressed in tariff-equivalent terms and have identical economic effects under some conditions, they do not share the same welfare implications with tariffs in the presence of a piecemeal reform (second-best). In this paper we show that this non-welfare equivalence persists...

When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...

Viele Länder stehen dem Problem des zunehmenden Protektionismus gegenüber. Durch die Ernennung des neuen US-Präsidenten Donald Trump hat diese Entwicklung ein neues Level erreicht. Die Vereinigten Staaten von Amerika sind aktuell der weltgrößte Binnenmarkt. Die US-Bürger erzielen eines der...

The global economic crisis in 2008 triggered a debate about increasing protectionism. Global leaders are increasingly under pressure to protect their domestic industries. The scope to increase tariffs is rather limited under the WTO regulations. In this study we analyze whether the latter...

When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...