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Tariffs, Economic Growth and Income Distribution

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dc.contributor.author Wu, Congsheng
dc.date.accessioned 2018-04-09T14:24:16Z
dc.date.available 2018-04-09T14:24:16Z
dc.date.issued 2018-03-23
dc.identifier.uri https://scholarworks.bridgeport.edu/xmlui/handle/123456789/2157
dc.description.abstract The United States has a huge trade account deficit—$753 billion in 2016. President Trump has asserted that a more restrictive trade policy which involves tariffs and quotas would help to achieve his goal of boosting U.S. economic growth to 3-plus per cent. On March 1, 2018, Mr. Trump announced unexpectedly that the U.S. would impose tariffs of 25 percent on steel imports and 10 percent on aluminum. He later twitted that “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win.” The World Trade Organization (TWO) immediately issued a rare warning about Trump’s plan saying it risks a trade war. Do tariffs promote or hurt economic growth? This poster tries to shed some lights on this important question from both theoretical and empirical perspectives. If tariff-growth relationship is neutral or negative, then what are the consequences on income distribution—i.e., who are the winners and who are the losers? en_US
dc.language.iso en_US en_US
dc.subject Tariffs en_US
dc.subject Trade war en_US
dc.title Tariffs, Economic Growth and Income Distribution en_US
dc.type Other en_US
dc.institute.department School of Business en_US
dc.institute.name University of Bridgeport en_US
dc.event.location Bridgeport, CT en_US
dc.event.name Faculty Research Day en_US

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