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The Price, Quantity, and Welfare Impacts on the EU Following Increased Import Tariffs: An empirical estimation of 2018’s trade retaliation against the U.S.

Andersson, Sofie LU (2019) NEKP01 20182
Department of Economics
Abstract
This paper explores the impacts of EU’s retaliatory tariffs towards the U.S. on prices, quantities, and welfare. Over the course of 2018, the Trump Administration imposed tariffs on EU steel and iron, to which the EU implemented counter measures of increased tariffs on U.S. imports to the Union. Using standard economic methods, this paper finds that the tariffs were almost completely passed through to domestic prices hitting consumers and importers. The cumulative reduction in EU’s real income over the eleven months passed the imposition of tariffs is measured to be €56.2 million.
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author
Andersson, Sofie LU
supervisor
organization
course
NEKP01 20182
year
type
H2 - Master's Degree (Two Years)
subject
keywords
EU, U.S., tariffs, trade, welfare losses
language
English
id
8997123
date added to LUP
2019-12-04 09:07:18
date last changed
2019-12-04 09:07:18
@misc{8997123,
  abstract     = {This paper explores the impacts of EU’s retaliatory tariffs towards the U.S. on prices, quantities, and welfare. Over the course of 2018, the Trump Administration imposed tariffs on EU steel and iron, to which the EU implemented counter measures of increased tariffs on U.S. imports to the Union. Using standard economic methods, this paper finds that the tariffs were almost completely passed through to domestic prices hitting consumers and importers. The cumulative reduction in EU’s real income over the eleven months passed the imposition of tariffs is measured to be €56.2 million.},
  author       = {Andersson, Sofie},
  keyword      = {EU,U.S.,tariffs,trade,welfare losses},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Price, Quantity, and Welfare Impacts on the EU Following Increased Import Tariffs: An empirical estimation of 2018’s trade retaliation against the U.S.},
  year         = {2019},
}