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A General Equilibrium Analysis of US Foreign Trade Policy
David G. Tarr , Jaime De Melo
Using applied general equilibrium methods to analyze recent debates about the conduct of US foreign trade policy, de Melo and Tarr show that in terms of costs to the economy and to consumers, non-tariff barriers in textiles, automobiles, and steel have more than reversed the benefits of cumulative tariff liberalization achieved in successive postwar GATT rounds.
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