Centre for Vocational Education Research LSE RSS Email Facebook Twitter

Abstract:

Blog
The 2018 trade war: consumers are paying a high price

July 2019
Paper No' :


Tags: cep; department of economics; economics; lse alumni; lse authors; trade & globalisation

Over the course of 2018, the Trump administration imposed import tariffs on approximately $283 billion of US imports, with rates ranging between 10 and 50 per cent. In response, US trading partners, especially China, retaliated with tariffs averaging 16 per cent on approximately $121 billion of US exports, plunging the United States into its first episode of large-scale reciprocal tariff […]