TY - JOUR
T1 - Liberalizing U.S. Trade with the Eastern Bloc
T2 - What are the consequences?
AU - Mendez, Jose
AU - Rousslang, Donald J.
PY - 1989/12
Y1 - 1989/12
N2 - This paper provides estimates of the trade and welfare consequences of removing the high discriminatory tariffs that the United States imposes against imports from the Soviet Union and its allies. These imports are now taxed at Smoot-Hawley rates. The estimates of the trade effects exceed those of previous studies, in part because the recent "Tokyo Round" of multilateral trade concessions has increased the tariff discrimination against the non-MFN (Most Favored Nation) suppliers. The study is the first to assess the welfare consequences of eliminating this discrimination. It is estimated that the overall annual gain to the United States would be about $1.8 billion and that the annual gain to the communist suppliers would be between $1.2 billion and $1.7 billion.
AB - This paper provides estimates of the trade and welfare consequences of removing the high discriminatory tariffs that the United States imposes against imports from the Soviet Union and its allies. These imports are now taxed at Smoot-Hawley rates. The estimates of the trade effects exceed those of previous studies, in part because the recent "Tokyo Round" of multilateral trade concessions has increased the tariff discrimination against the non-MFN (Most Favored Nation) suppliers. The study is the first to assess the welfare consequences of eliminating this discrimination. It is estimated that the overall annual gain to the United States would be about $1.8 billion and that the annual gain to the communist suppliers would be between $1.2 billion and $1.7 billion.
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U2 - 10.1016/0147-5967(89)90023-1
DO - 10.1016/0147-5967(89)90023-1
M3 - Article
AN - SCOPUS:45249126385
SN - 0147-5967
VL - 13
SP - 491
EP - 507
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
IS - 4
ER -