CEPII, Recherche et Expertise sur l'economie mondiale
Trade versus protectionism
Much of the impact of possible increases in EU trade barriers can be seen as forfeiting gains from trade. Possible gains for workers in protected industries will be offset by increases in the cost of imported inputs. Discussing two recent episodes of US protectionist policies, Sébastien Jean and Ariell Reshef argue that the best way for the E.U. to defend its interests requires monitoring closely the U.S. practices, defending the rules-based system, and displaying resolve in the willingness to impose reciprocity. >>>
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