Analysis of the Effects of Chinese and Mexican Retaliatory Tariffs on Select U.S. Agricultural Commodities on U.S. and Global Markets

Amani Elobeid, Miguel Carriquiry, David Swenson () and Dermot Hayes ()
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David Swenson: EEUU. Department of Economics, Iowa State University
Dermot Hayes: EEUU.Department of Economics, Iowa State University

No 19-22, Documentos de Trabajo (working papers) from Instituto de Economía - IECON

Abstract: This study examines the impact of retaliatory tariffs imposed on U.S. pork, soybeans, corn and wheat by China and on U.S. pork by Mexico on select U.S. agricultural commodities. Results show a decline in U.S. exports by 32% for pork and corn, 15% for soybeans, and 1.5% for wheat relative to the baseline. Domestic pork prices fall by 12% while crop prices decrease by between 8% and 12%. In the long run, the decline in U.S. production leads to 60,000 fewer jobs and $3.1 billion less labor income. The economy experiences a loss of almost $12 billion in national output.

Keywords: agricultural markets; retaliatory tariffs; trade war China-U.S.A (search for similar items in EconPapers)
JEL-codes: F14 F17 Q17 Q18 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2019-11
New Economics Papers: this item is included in nep-agr and nep-int
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Citations: View citations in EconPapers (2)

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https://hdl.handle.net/20.500.12008/22828

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Persistent link: https://EconPapers.repec.org/RePEc:ulr:wpaper:dt-22-19

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