US Import Tariff Escalation: Are there unintended Consequences for IsDB Member Countries?

Bukhari Sillah ()
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Bukhari Sillah: M&S Research Hub institute, https://www.ms-researchhub.com

No 0-0000, MSR Working Papers from M&S Research Hub institute

Abstract: Using GTAP9, the paper simulated the challenges posed by the current U.S. tariff escalations on the agricultural and manufacturing sectors and GDP of tariff-targeted countries and selected member countries of Islamic Development Bank (IsDB). The analysis reveals that the tariffs have led to declines in GDP and real income for China, Canada, and Mexico, with Mexico suffering the most severe impact. Conversely, while the U.S. also experienced a GDP decline, it saw a slight increase in income. It highlights that the agricultural sector is facing challenges due to reduced production linked to these tariffs.

Keywords: CGE; Macroeconomics; Trade (search for similar items in EconPapers)
JEL-codes: B22 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2025-03-25
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