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More Pain, More Gain: Politics and Economics of Eliminating Tariffs

Author

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  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Ben Goodrich

    (Peterson Institute for International Economics)

Abstract

In November 2002, the United States proposed that members of the World Trade Organization (WTO) eliminate their tariffs on nonagricultural products. World exports of nonagricultural goods, which were $5.4 trillion in 2001 (WTO 2002), would substantially expand if the US proposal were adopted. In percentage terms, some of the largest gains would come in trade between developing countries--South-South trade--simply because high tariffs severely restrict it. The United States offered the following initial proposal:

Suggested Citation

  • Gary Clyde Hufbauer & Ben Goodrich, 2003. "More Pain, More Gain: Politics and Economics of Eliminating Tariffs," Policy Briefs PB03-08, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb03-08
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    File URL: https://www.piie.com/publications/policy-briefs/more-pain-more-gain-politics-and-economics-eliminating-tariffs
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    References listed on IDEAS

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    1. Drusilla K. Brown & Alan V. Deardorff & Robert M Stern, 2002. "Computational Analysis of Multilateral Trade Liberalization in the Uruguay Round and Doha Development Round," Working Papers 489, Research Seminar in International Economics, University of Michigan.
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