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The Quarterly Journal of Economics· 2019Q1

The Return to Protectionism*

Pablo Fajgelbaum, Pinelopi Goldberg, Patrick Kennedy, Amit Khandelwal

Short summary

US import tariffs and retaliatory tariffs imposed in 2018 caused a $51 billion loss to US consumers and firms, equivalent to 0.27% of GDP, due to complete pass-through of tariffs to import prices.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance