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GTAP Resource #5670

"How U.S. Agriculture Will Fare Under the USMCA and Retaliatory Tariffs"
by Chepeliev, Maksym, Wally Tyner and Dominique van der Mensbrugghe


Abstract
A hallmark of the Trump Administration has been to reverse the post-World War II consensus on lowering of trade barriers and a commitment towards multilateral free trade, towards a more protectionist and perhaps mercantilist position vis-à-vis trade policy. One of the Administration’s first actions in this regard was the decision to leave the Trans-Pacific Partnership (TPP) agreement, followed thereafter by raising tariffs on steel and aluminum imports. President Trump left no doubt where he stood on the North American Free Trade Agreement (NAFTA), which he often stated was the “worst trade deal maybe ever signed anywhere.” The administration’s actions on trade are likely to have significant implications for U.S. farmers as these actions target three of the largest markets for U.S. agricultural exports—Canada, China and Mexico—accounting for some 44% of U.S. agricultural exports representing an average of $63 billion from 2013 to 2015.

Commissioned by the Farm Foundation

A Farm Foundation Forum was held on October 31, 2018 at the National Press Club in Washington DC on this topic along with an accompanying interview with Dominique van der Mensbrugghe.


Resource Details (Export Citation) GTAP Keywords
Category: Working Paper
Status: Published
By/In: GTAP Working Paper No. 84; Farm Foundation
Date: 2018
Version:
Created: Batta, G. (11/1/2018)
Updated: Batta, G. (11/1/2018)
Visits: 450
- Agricultural policies
- Non-Tariff barriers
- The GTAP Data Base and extensions
- North America


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  File format GTAP Working Paper No. 84  (732.9 KB)   Replicated: 0 time(s)


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