Questions tagged [tariffs]

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7
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3answers
1k views

Are there any examples of tariffs working?

Nations have imposed tariffs on goods for many reasons throughout the ages. Are there any examples of a tariff actually succeeding at its intended goals? When I research tariffs, I find countless ...
5
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1answer
381 views

What is the “entry price” in relation to tariffs?

I see the term “entry price” and “price entry system” in relation to tariffs. What do these means? For example this document: https://ageconsearch.umn.edu/bitstream/10095/1/sp06go22.pdf
5
votes
1answer
46 views

What is the game theory of retaliatory trade tariffs?

Suppose no tariffs, or negligible tariffs, exist between nations A and B, and suddenly A introduces substantive tariffs on certain products A imports from B. In theory, this could lead to B and A ...
4
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2answers
73 views

What level are EU tariffs mostly?

During the entire Brexit debate in the media I never heard anyone discuss levels of tariffs imposed on countries wishing to export there that had no special deal arranged. I then tried to look up ...
4
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2answers
43 views

How do tariffs work?

When a foreign company wants to export their goods to the U.S. they may encounter a tariff (e.g. steel). The tariff is imposed by the U.S. government at the port of entry and is a form of tax revenue. ...
3
votes
1answer
72 views

Is Universal Basic Income compatible with free international trade?

If one country introduces UBI, what prevents other countries from taking advantage of that and supplying cheaper (no need to finance a UBI scheme!) goods to the original country and outcompeting the ...
3
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2answers
487 views

Abolishing all tariffs without reciprocity

Is a policy of abolishing tariffs without expecting other countries do so a sustainable economic policy? What are the arguments for or against it? Fear of imports is very common among people. Money ...
3
votes
1answer
130 views

What is the proof for why border adjustments are exactly offset in theory by currency appreciation?

Why is it true, in theory, that border adjustments are exactly offset by currency appreciation? I've read the colloquial explanations online, but am looking for something more rigorous. For example, ...
2
votes
2answers
9k views

How does tariff increase inflation?

The Wall Street Journal claims that: Some are concerned over the likelihood of the U.S. adopting trade tariffs on imports from China. This policy option would risk retaliatory measures and hurt ...
2
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1answer
617 views

1929 stock market crash and unemployment rate

Thomas Sowell has repeatedly made the case that government intervention is largely responsible for the Great Depression. For example, he notes what happened with the unemployment rate in the months ...
2
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2answers
55 views

Is Iphone included in tariffs?

As the tariffs war getting escalating, I am curious about how the tariffs works on Iphone. Apple is an American company, and Iphone is its product. But manufactured by factory in China. Is there a ...
2
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0answers
22 views

Effect of Import Tariff on Supply of Currency on Foreign Exchange Market

I'm struggling with this question below for my macroeconomics course. If Argentina were to impose a tariff on its imports, how will the supply of Argentina's currency and its exchange rate be ...
1
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1answer
29 views

Protectionism and smaller countries

If I understand correctly, for a small country, whose supply chains needs to be transnational, protectionism introduces market inefficiency such that even unilaterally removing tariffs would be ...
1
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1answer
60 views

Is there any mechanism to prevent tariff 'exile'?

I am expecting a decline in trade between the US and its key trading partners (China, Europe, Canada, Mexico). Is there any mechanism / force that prevents US trading partners from cooperating ...
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2answers
366 views

How can we estimate the tax incidence from a 20% tariff on Mexican goods?

President Trump has proposed a 20% tariff on some Mexican imports to the US. Is there a good way to estimate the incidence of this proposal between the Mexican producers and American consumers, as ...
1
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4answers
101 views

Value vs. Price and its relation to tariffs

I’m naturally against tariffs as they impede on free trade, and end up hurting the consumer by inadvertently becoming a tax on imports as well as raising the cost of goods. So I'm trying to challenge ...
1
vote
2answers
388 views

How is currency depreciation related to import tariffs?

In the news today they were talking about how the US is "threatening to increase proposed tariffs on Chinese imports from 10 percent to 25 percent." One of the reasons they gave for this was that ...
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0answers
8 views

How long did it take before the Hawley–Smoot Tariffs reached their peak effect on US growth?

I understand that this may still be a contentious issue, but are there some estimates how long it took before the Hawley–Smoot Tariffs impacted US growth significantly and/or how long it took for them ...
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0answers
15 views

In practice, are retaliatory tariffs the first step (or among the first steps) in the WTO dispute resolution process?

In theory, retaliatory tariffs probably aren't first step in the WTO dispute resolution process. Instead, the dispute is supposed to go through consultations, which take some 6.6-months on average, ...
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0answers
18 views

Effects of tariffs on compamy

How would Trump's tariffs affect an American multinational company? Would the goods that they produce be considered imports?
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0answers
142 views

Under what conditions are tariffs or export subsidies expansionary?

Charles Kindleberger writes in the introduction to /The World in Depression/: The imposition of tariffs should be expansionary for the importing country, if contractive for the countries losing ...
0
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1answer
99 views

Tariff long term effects

China imports $14B of soybeans from the US annually. In response to US Tariffs, China has put Tariffs on US soybeans and is switching to Brazil for their beans. In the long term and based on ...
0
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1answer
37 views

Are Tariffs Refundable?

When a company decides to import goods, are the tariffs paid on those goods collected by customs? Or do companies treat tariffs as tax expense? In any case, can a company write off these tariffs and ...
0
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1answer
273 views

tariffs and inflation

tariffs lead to inflation; is this the same as inflation from supply constraints or demand drive, given that the tariff is removed from the money supply? How should the fed be thinking about this in ...
0
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1answer
87 views

Do Chinese tariffs on American goods make them more expensive to American consumers?

This CNN article seems to imply that Chinese tariffs on American goods will make them more expensive to American consumers. Is this true? I did think that tariffs by your own country on imported ...
0
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1answer
51 views

Chinese tarriffs (pre-tradewar)

I am trying to understand to what degree tariffs (or other restrictions like quotas) were the cause of the trade imbalances between the US and China. One might imagine that it was simply a matter of ...
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0answers
10 views

Tariff impact measurement

As I understand it, tariffs are used to generate revenue for governments and also punish suppliers or influence their respective governments. Usually the end user pays the tariff. Is there a metric ...
0
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2answers
45 views

What if China did pay US tariffs? [closed]

The US president Donald Trump has repeated said that China will pay for the tariffs he has or plans to impose on Chinese goods entering the US. Many commentators has said that tariffs are paid at time ...
0
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1answer
25 views

Is it correct to say that import tariffs are unilateral?

Is it correct to say that import tariffs are unilaterally decided by the nation or bloc applying the tariff?