{"id":18674,"title":"What if Trump Implements Import Taxes and So Does the World?","link":"https:\/\/bst-europe.eu\/de\/globalization\/what-if-trump-implements-import-taxes-and-so-does-the-world\/","date":"13. M\u00e4rz 2018","date_unix":1520931068,"date_modified_unix":1644496105,"date_iso":"2018-03-13T08:51:08+00:00","content":"

In the course of his protectionist policies, US President Trump might attempt to further protect the US market against the rest of the world by means of tariffs and other trade obstacles. \u00a0If the US unilaterally increases their import tariffs e.g. by 20 percent, American real earnings would in fact increase slightly.<\/em><\/p>\n

 <\/p>\n

Non-Tariff trade barriers<\/h2>\n

But if the non-tariff trade barriers are raised as well \u2013 for example maximum quantities of specific import goods or consumer safety standards changed \u2013 that again would lead to a loss: because the stronger the American protectionist measures are, the stronger the response.<\/p>\n

 <\/p>\n

Retaliatory Measures<\/h2>\n

A response by the rest of the world with retaliatory measures is to be expected. If these are in effect across all trading partners of the US, there would be enormous consequences for the US economy. Such protectionist measures would massively influence Europe as well: triggering a decline of foreign trade – real incomes per capita would drop in an unknown extent.<\/p>\n

See the full story in the third\u00a0video of our series GED insights<\/em> that deals with US-protectionism and its results:<\/p>\n

 <\/p>\n

\n