Feodora Teti
@feodorateti.bsky.social
Scenarios:
🔁 Symmetric — U.S. raises and lowers tariffs to match partner levels
📈 Upward-only — U.S. raises tariffs only where its own are lower
💥 Flat 25% — Uniform 25% tariff on all imports
🔁 Symmetric — U.S. raises and lowers tariffs to match partner levels
📈 Upward-only — U.S. raises tariffs only where its own are lower
💥 Flat 25% — Uniform 25% tariff on all imports
March 31, 2025 at 7:30 PM
Scenarios:
🔁 Symmetric — U.S. raises and lowers tariffs to match partner levels
📈 Upward-only — U.S. raises tariffs only where its own are lower
💥 Flat 25% — Uniform 25% tariff on all imports
🔁 Symmetric — U.S. raises and lowers tariffs to match partner levels
📈 Upward-only — U.S. raises tariffs only where its own are lower
💥 Flat 25% — Uniform 25% tariff on all imports
🔴 CAVEAT: The Global Tariff Database only includes applied MFN and preferential tariffs.
This means that recent trade war tariffs (since the first Trump administration), safeguards, anti-dumping tariffs, and any other types of tariffs are NOT included.
This means that recent trade war tariffs (since the first Trump administration), safeguards, anti-dumping tariffs, and any other types of tariffs are NOT included.
March 11, 2025 at 5:34 PM
🔴 CAVEAT: The Global Tariff Database only includes applied MFN and preferential tariffs.
This means that recent trade war tariffs (since the first Trump administration), safeguards, anti-dumping tariffs, and any other types of tariffs are NOT included.
This means that recent trade war tariffs (since the first Trump administration), safeguards, anti-dumping tariffs, and any other types of tariffs are NOT included.
Even more importantly: This matters! I show that existing estimates of the trade elasticity are highly sensitive to tariff mismeasurement.
March 11, 2025 at 5:34 PM
Even more importantly: This matters! I show that existing estimates of the trade elasticity are highly sensitive to tariff mismeasurement.
Big difference, right? Want to know how it's done? The details are in my paper: Teti (2024). 🔗https://www.cesifo.org/en/publications/2024/working-paper/missing-tariffs
March 11, 2025 at 5:34 PM
Big difference, right? Want to know how it's done? The details are in my paper: Teti (2024). 🔗https://www.cesifo.org/en/publications/2024/working-paper/missing-tariffs
Now compare that to this cleaned version from the Global Tariff Database:
March 11, 2025 at 5:34 PM
Now compare that to this cleaned version from the Global Tariff Database:
Finding clean data on tariffs is hard. Take Mexican import tariffs on U.S. products as an example—here’s what you get from WITS:
March 11, 2025 at 5:34 PM
Finding clean data on tariffs is hard. Take Mexican import tariffs on U.S. products as an example—here’s what you get from WITS: