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Trump Tariff and Firm Relief: Winners and Losers from Steel Tariff Exclusion Request
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  • Trump Tariff and Firm Relief: Winners and Losers from Steel Tariff Exclusion Request
저자명
윤여준, 김원기
간행물명
KIEP 연구보고서
권/호정보
2019년|pp.1-40 (40 pages)
발행정보
대외경제정책연구원|한국
파일정보
기타|eng|
PDF텍스트
주제분야
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서지반출

영문초록

On March 2018, the Trump administration introduced 25 percent tariffs on steel and 10 percent tariffs on aluminum imports. To minimize the adverse effects of these tariffs to downstream US producers who import these products, the exclusion request that grants tariff exemptions has been also established. In this paper we examined the determinants of the authority’s decisions on the exclusion requests. Our analysis focuses on the political factors. Specifically, we ask whether companies operating business in states where Trump won the majority vote (Trump state) in the 2016 presidential election were more likely to get tariff exemptions. Our estimation result suggests that firms located in Trump states were more likely to be granted exemptions. Especially it appears that the decisions were made based on a dual standard. While firms with lower sales to employment ratios were more likely to be approved for the exclusion requests in Trump states, it was the opposite for firms in non-Trump states.

목차



Executive Summary 




1. Introduction 





2. The Exclusion Request 





3. Data and Estimation 
3-1. Data 
3-2. Model Specification and Estimation 





4. Estimation Results 
4-1. Main Results 
4-2. Additional Analysis





5. Concluding Remarks





References