G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w28616
来源IDWorking Paper 28616
The Smoot-Hawley Trade War
Kris James Mitchener; Kirsten Wandschneider; Kevin Hjortshøj O'; Rourke
发表日期2021-03-29
出版年2021
语种英语
摘要We document the outbreak of a trade war after the U.S. adopted the Smoot-Hawley tariff in June 1930. U.S. trade partners initially protested the possible implementation of the sweeping tariff legislation, with many eventually choosing to retaliate by increasing their tariffs on imports from the United States. Using a new quarterly dataset on bilateral trade for 99 countries during the interwar period, we show that U.S. exports to countries that protested fell by between 15 and 22 percent, while U.S. exports to retaliators fell by 28-33 percent. Furthermore, using a second new dataset on U.S. exports at the product-level, we find that the most important U.S. exports to retaliating markets were particularly affected, suggesting a possible mechanism whereby the U.S. was targeted despite countries’ MFN obligations. The retaliators’ welfare gains from trade fell by roughly 8-17%.
主题International Economics ; Trade ; History ; Other History
URLhttps://www.nber.org/papers/w28616
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586289
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Kris James Mitchener,Kirsten Wandschneider,Kevin Hjortshøj O',et al. The Smoot-Hawley Trade War. 2021.
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