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Title: U.S. Import Restraints
Sub-title: Economic Effects
Edited by: Walton I Mason, Jace O Russell
ISBN10-13: 1620816237 : 9781620816233
Format: Hardback
Size: 180x260mm
Pages: 0
Weight: .614 Kg.
Published: Nova Science Publishers, Inc (US) - August   2012
List Price: 256.99 Pounds Sterling
Availability: In Stock   Qty Available: 1
Subjects: International trade : USA
The United States is one of the world's most open economies. In 2010, the average U.S. tariff on all goods remained near its historic low of 1.3 percent, on an import-weighted basis, essentially unchanged from the previous update in 2009. Nonetheless, significant restraints on trade remain in certain sectors. The U.S. International Trade Commission estimates that U.S. economic welfare, as defined by total public and private consumption, would increase by about $2.6 billion annually by 2015 if the United States unilaterally ended all significant restraints. Exports would expand by $9.0 billion and imports by $11.5 billion. This book measures the effects of unilateral liberalisation of U.S. import restraints and the effects on the U.S. economy when both the United States and its trading partners engage in reciprocal liberalisation.
Table of Contents:
Preface; The Economic Effects of Significant U.S. Import Restraints - Special Topic: Global Supply Chains; Trade Primer: Qs & As on Trade Concepts, Performance & Policy; Index.
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