Quantifying the Impacts of the US Section 232 Steel and Aluminum Tariffs

13 Pages Posted: 25 Jun 2018

See all articles by Dan Ciuriak

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH; Asia Pacific Foundation of Canada

Jingliang Xiao

Infinite-Sum Modeling Inc.; Ciuriak Consulting Inc.

Date Written: June 12, 2018

Abstract

The Trump Administration is proceeding with unilateral measures to address what it has characterized as “unfair” trade, risking retaliation, but banking on a threat of massive escalation to extract a favorable outcome for itself. Notwithstanding widespread speculation that the threats to impose tariffs on steel and aluminum imports from its major allies would not be acted on, the Administration announced on 30 May 2018 that import duties of 25% on steel and 10% on aluminum would be imposed on imports from Canada, Mexico and the European Union. These countries had been granted an exemption due to expire on 1 June 2018 when the duties were first imposed in March 2018. This note complements the analysis of the potential impacts of these tariffs by contributing computable general equilibrium model simulation impact estimates.

Keywords: Trade and National Security, Tariffs, Steel, Aluminum, Section 232, United States

JEL Classification: F13, F14

Suggested Citation

Ciuriak, Dan and Xiao, Jingliang, Quantifying the Impacts of the US Section 232 Steel and Aluminum Tariffs (June 12, 2018). C.D. Howe Institute Working Paper, 2018. Available at SSRN: https://ssrn.com/abstract=3190699

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
München, 80639
Germany

Asia Pacific Foundation of Canada ( email )

Canada

HOME PAGE: http://ciuriakconsulting.com/

Jingliang Xiao

Infinite-Sum Modeling Inc. ( email )

16167,Glenbrooks Pl
Vancouver, BC - British Columbia v4n1t3
Canada
6047245981 (Phone)
6047245981 (Fax)

HOME PAGE: http://www.infsum.com/en/

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

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