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Enhancement of America’s Tariff Barriers in Financial Crisis:an Empirical Study on Bilateral Trade between China and United StatesChinese Full Text

WANG Feng YANG Chao

Abstract: This paper firstly studies the political and economic determinants of U.S.average tariff rate to Chinese export,especially the impacts of U.S.financial crisis since 1992 based on endogenous policy theory.The paper finds that unemployment rate,ruling party and financial crisis in Unit-ed States present significantly positive effects,and significantly negative effect from average hourly earning.Furthermore,the short-term trend of U.S.average tariff rate to Chinese export is forecasted there.The result indicates that spread of U.S.financial crisis would induce sustained rise of average tariff rate during 2009 Q1 to 2009 Q4.To avoid the same aftereffect of U.S.《Hawley-Smoot Tariff Act》 in 1930,this paper makes some suggestions to prevent China and the U.S.economies’further decline under the influence of financial tsunami and trade barriers.
  • DOI:

    10.13510/j.cnki.jit.2010.06.008

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  • Classification Code:

    F757.12

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