Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/200660
Authors: 
Hübler, Michael
Herdecke, Axel
Year of Publication: 
2019
Series/Report no.: 
Hannover Economic Papers (HEP) 648
Abstract: 
This article evaluates the recent protectionist US trade policy and the retaliation of the EU and China. The article employs a New Quantitative Trade Theory model and an Armington model for comparison. The simulation results show that US car tariffs are a credible threat to the EU, but the steel and aluminum tariffs are not. China suffers considerably from the US tariffs, especially the extended, tightened tariffs that have been announced. The retaliation measures of the EU and China, however, do not cause US welfare losses compared to the situation without such a trade policy.
Subjects: 
Trade policy
trade war
numerical model
USA
EU
China
JEL: 
F11
F17
F42
Document Type: 
Working Paper

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