Us Steel Import Tariffs: A New Beginning To Old Mistakes?
AbstractThe present paper investigates economic effects of newly imposed steel import Tariff by US administration. Inside the face of safeguard measures US imposed a series of tariffs in March 2002, which were a result of findings from Section 201 investigation by the International Trade Commission (ITC) that began in June 2001. Policies intended to impose 30% ad valorem tariff in first year, 24% in the second year and 18% in the third year. In order to show the economic effects, the paper introduces such basic concepts as consumer surplus, producer surplus, large and small country etc. The race amongst countries in 1920s to impose increasing tariffs was one of the reasons for Great Depression. The present US initiative in starting this new wave of tariff race could be a start of another mistake in international arena.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Applied Economics.
Volume (Year): III (2004)
Issue (Month): 6 (November)
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (G R K Murty).
If references are entirely missing, you can add them using this form.