Weaponized trade policy: the impact of US tariffs on the European automobile sector

With trade tensions running high, the Trump Administration is considering new tariffs on imported automobiles, and the main target would be the European Union, traditionally America’s closest ally. In this paper we combine disaggregated models to estimate the impact of these tariffs worldwide, and e...

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Detalles Bibliográficos
Autores: Llano Verduras, Carlos, Pérez García, Julián, El Khatabi, Fatima, Steinberg Wechsler, Federico
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/716531
Acceso en línea:http://hdl.handle.net/10486/716531
https://dx.doi.org/10.1080/09535314.2020.1804330
Access Level:acceso abierto
Palabra clave:Trade policy
Inter-regional input–output analysis
Multi-country input–output analysis
Empirical Studies of Trade
Economía
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spelling Weaponized trade policy: the impact of US tariffs on the European automobile sectorLlano Verduras, CarlosPérez García, JuliánEl Khatabi, FatimaSteinberg Wechsler, FedericoTrade policyInter-regional input–output analysisMulti-country input–output analysisEmpirical Studies of TradeEconomíaWith trade tensions running high, the Trump Administration is considering new tariffs on imported automobiles, and the main target would be the European Union, traditionally America’s closest ally. In this paper we combine disaggregated models to estimate the impact of these tariffs worldwide, and especially on Spain. First, a trade-policy simulation model computes the potential effects worldwide. Then we plug these into the World Input–Output Database, obtaining the inter-sectoral effects of the tariffs on Europe and the rest of the world. Finally, we insert these results into the Spanish inter-regional Input–Output Tables, obtaining final effects for Spanish regions via their inter-sectoral relations with the European Union and the rest of the world. By our calculation, the new US auto tariffs could end up destroying 10,400 jobs in Spain alone and 567,000 jobs worldwide. Moreover, they might have unexpected consequences, affecting, Spanish regions and sectors that just indirectly depend on the automobile industryThis paper was developed in the context of two research projects: The C-intereg Project (www.c-intereg.es) and ECO2016-79650-P from the Spanish Ministry of Economics and Innovation. This work was supported by Secretaría de Estado de Investigación, Desarrollo e Innovación [grant number ECO2016-79650-P].RoutledgeDepartamento de Análisis Económico: Teoría Económica e Historia EconómicaDepartamento de Economía AplicadaFacultad de Ciencias Económicas y Empresariales20202020-09-07research articlehttp://purl.org/coar/resource_type/c_2df8fbb1AMhttp://purl.org/coar/version/c_ab4af688f83e57aainfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10486/716531https://dx.doi.org/10.1080/09535314.2020.1804330reponame:Biblos-e Archivo. Repositorio Institucional de la UAMinstname:Universidad Autónoma de MadridInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 4.0 Internationalhttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccessoai:repositorio.uam.es:10486/7165312026-06-23T12:46:27Z
dc.title.none.fl_str_mv Weaponized trade policy: the impact of US tariffs on the European automobile sector
title Weaponized trade policy: the impact of US tariffs on the European automobile sector
spellingShingle Weaponized trade policy: the impact of US tariffs on the European automobile sector
Llano Verduras, Carlos
Trade policy
Inter-regional input–output analysis
Multi-country input–output analysis
Empirical Studies of Trade
Economía
title_short Weaponized trade policy: the impact of US tariffs on the European automobile sector
title_full Weaponized trade policy: the impact of US tariffs on the European automobile sector
title_fullStr Weaponized trade policy: the impact of US tariffs on the European automobile sector
title_full_unstemmed Weaponized trade policy: the impact of US tariffs on the European automobile sector
title_sort Weaponized trade policy: the impact of US tariffs on the European automobile sector
dc.creator.none.fl_str_mv Llano Verduras, Carlos
Pérez García, Julián
El Khatabi, Fatima
Steinberg Wechsler, Federico
author Llano Verduras, Carlos
author_facet Llano Verduras, Carlos
Pérez García, Julián
El Khatabi, Fatima
Steinberg Wechsler, Federico
author_role author
author2 Pérez García, Julián
El Khatabi, Fatima
Steinberg Wechsler, Federico
author2_role author
author
author
dc.contributor.none.fl_str_mv Departamento de Análisis Económico: Teoría Económica e Historia Económica
Departamento de Economía Aplicada
Facultad de Ciencias Económicas y Empresariales
dc.subject.none.fl_str_mv Trade policy
Inter-regional input–output analysis
Multi-country input–output analysis
Empirical Studies of Trade
Economía
topic Trade policy
Inter-regional input–output analysis
Multi-country input–output analysis
Empirical Studies of Trade
Economía
description With trade tensions running high, the Trump Administration is considering new tariffs on imported automobiles, and the main target would be the European Union, traditionally America’s closest ally. In this paper we combine disaggregated models to estimate the impact of these tariffs worldwide, and especially on Spain. First, a trade-policy simulation model computes the potential effects worldwide. Then we plug these into the World Input–Output Database, obtaining the inter-sectoral effects of the tariffs on Europe and the rest of the world. Finally, we insert these results into the Spanish inter-regional Input–Output Tables, obtaining final effects for Spanish regions via their inter-sectoral relations with the European Union and the rest of the world. By our calculation, the new US auto tariffs could end up destroying 10,400 jobs in Spain alone and 567,000 jobs worldwide. Moreover, they might have unexpected consequences, affecting, Spanish regions and sectors that just indirectly depend on the automobile industry
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-09-07
dc.type.none.fl_str_mv research article
http://purl.org/coar/resource_type/c_2df8fbb1
AM
http://purl.org/coar/version/c_ab4af688f83e57aa
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10486/716531
https://dx.doi.org/10.1080/09535314.2020.1804330
url http://hdl.handle.net/10486/716531
https://dx.doi.org/10.1080/09535314.2020.1804330
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Routledge
publisher.none.fl_str_mv Routledge
dc.source.none.fl_str_mv reponame:Biblos-e Archivo. Repositorio Institucional de la UAM
instname:Universidad Autónoma de Madrid
instname_str Universidad Autónoma de Madrid
reponame_str Biblos-e Archivo. Repositorio Institucional de la UAM
collection Biblos-e Archivo. Repositorio Institucional de la UAM
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