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Tariffs and Steel: The US Safeguard Actions

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  • Greenville, Jared W.
  • MacAulay, T. Gordon

Abstract

This paper presents a multi-product price linked spatial equilibrium model of world steel trade. The model is used to analyse the impacts of the safeguard trade barriers brought about by the United States in order to protect their domestic industry from so called unfair competition. Emphasis is placed on the likely effect to the Australian industry and possible policy responses available to the industry. A case study is made on Australia's three largest export products, namely slab, hot-rolled and cold-rolled steel, which share some substitutability in supply and demand due to the nature of the industry.

Suggested Citation

  • Greenville, Jared W. & MacAulay, T. Gordon, 2004. "Tariffs and Steel: The US Safeguard Actions," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58452, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare04:58452
    DOI: 10.22004/ag.econ.58452
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    References listed on IDEAS

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    2. Kym Anderson, 1978. "On Why Rates Of Assistance Differ Between Australia'S Rural Industries," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 99-114, 08-12.
    3. Crandall, Robert W., 1996. "From competitiveness to competition : The threat of minimills to large national steel companies," Resources Policy, Elsevier, vol. 22(1-2), pages 107-118.
    4. Stephen Morris & Stephen Coate, 1999. "Policy Persistence," American Economic Review, American Economic Association, vol. 89(5), pages 1327-1336, December.
    5. Batterham, Robert L. & MacAulay, T. Gordon, 1994. "Price-Linked Farm And Spatial Equilibrium Models," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(2), pages 1-28, August.
    6. Jondrow, James M & Chase, David E & Gamble, Christopher L, 1982. "The Price Differential between Domestic and Imported Steel," The Journal of Business, University of Chicago Press, vol. 55(3), pages 383-399, July.
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    International Relations/Trade;

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