Are tariffs on the advance?
Trade disputes and protectionist measures have put free trade under pressure in recent years. The economic implications for countries with a strongly export-oriented business model – such as Germany – can therefore be large. Trade models that explicitly take trade barriers into account allow the possible effects to be estimated quantitatively. To this end, the TINFORGE trading model has been extended to include customs duties. The methodological report with a short empirical analysis on US tariffs on car imports from the European Union can be downloaded here.