Global Impact of a Protectionist U.S. Trade Policy

Summary:

The inauguration of Donald Trump as President of the United States has raised the risk that U.S. trade policy will increasingly adopt protectionist measures. The three policies relevant in this context—a withdrawal from the North American Free Trade Agreement, destination-based cash flow taxation with subsidized exports and general economic isolation from the rest of the world—have been modelled by the ifo Institute in corresponding scenarios for the Bertelsmann Stiftung in order to quantify the global economic impact of these policies.

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