Historical evolution and implications of the trade policy in the United States
《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2019年05期
- Page:
- 1-9
- Research Field:
- 国际经济与贸易
- Publishing date:
Info
- Title:
- Historical evolution and implications of the trade policy in the United States
- Author(s):
- YU Miaojie; ZHENG Chunru; HUANG Haoquan
- China Center for Economic Research & National School of Development，Peking University，Beijing 100871，China
- Keywords:
- trade policy; restrictive tariff; reciprocal agreement; non-tariff barrier; Sino-US trade; tariff protection
- PACS:
- F757.12
- DOI:
- -
- Abstract:
- With the constant changes in the SinoUS trade conflicts, it has become an indispensable link in analyzing the current Sino-US trade situation to correctly understand the orientation and choices of US trade policy and to sort out the historical tracks and evolution logic of its development. The trade policy in the history of the United States has gone through three stages: the stage of obtaining fiscal revenue as objective (from the War of Independence to the Civil War); the stage of implementing restrictive tariffs to protect domestic industries (from the Civil War to the Great Depression); and the stage of promoting reciprocal agreements to expand domestic exports (from the end of World War II to the pre-financial crisis). By sorting out the trade policies of these three stages, the authors analyzed the domestic divergence of interests in different regions, industries and groups in the United States in each stage, and summarized the historical logic of the evolution of US trade policy. Studies find that the United States has implemented tariff protection policy for a long time in history. Although the United States maintained a low tariff level for a long time after World War II, this is happening because of the transformation of trade protection from tariff measurements to nontariff trade barriers during this period. Changes in economic situations such as the Civil War, Great Depression and financial crisis have exerted significant impacts on the US trade policy, but it has remained relatively stable within specific historical stages in general.
Last Update: 2019-11-07