U.S.-EU banana war: Implications of retaliatory tariffs on Pecorino cheese

dc.contributor.author	Heboyan, V	en
dc.contributor.author	Ames, GCW	en
dc.contributor.author	Epperson, JE	en
dc.date.accessioned	2014-06-06T06:44:51Z
dc.date.available	2014-06-06T06:44:51Z
dc.date.issued	2002	en
dc.identifier.issn	10496483	en
dc.identifier.uri	http://dx.doi.org/10.1300/J037v11n03_04	en
dc.identifier.uri	http://62.217.125.90/xmlui/handle/123456789/2101
dc.subject	Economic impact	en
dc.subject	U.S. countervailing duties	en
dc.subject	WTO	en
dc.subject.other	tariff structure	en
dc.subject.other	trade policy	en
dc.subject.other	trade relations	en
dc.subject.other	welfare impact	en
dc.subject.other	Europe	en
dc.subject.other	United States	en
dc.title	U.S.-EU banana war: Implications of retaliatory tariffs on Pecorino cheese	en
heal.type	journalArticle	en
heal.identifier.primary	10.1300/J037v11n03_04	en
heal.publicationDate	2002	en
heal.abstract	Because of the European Union's failure to adhere to the dispute settlement panel's findings in the banana dispute, the United States imposed prohibitive tariffs (100% ad valorem) on imports of selected EU products, including Pecorino cheese, as a retaliatory trade policy permitted under WTO rules. This paper illustrates the economic impact of U.S. retaliatory policy. The estimated loss in consumer surplus for Pecorino cheese users was $4.96 million per year. As a result of U.S. policy, tariff revenue and deadweight loss were $1.86 and $3.10 million, respectively. Italian producers lost an estimated $8.55 million in revenue due to reduced exports to the United States, nearly twice the welfare loss experienced by U.S. consumers. © 2002 by The Haworth Press, Inc. All rights reserved.	en
heal.journalName	Journal of Euromarketing	en
dc.identifier.issue	3	en
dc.identifier.volume	11	en
dc.identifier.doi	10.1300/J037v11n03_04	en
dc.identifier.spage	53	en
dc.identifier.epage	69	en