The name is absent

1 - Back to Uruguay

2 - Back to Tokyo

3 - 1980 Transportation costs

A reversion from current
tariffs (including preferential
where applicable) to Uruguay
Round era bound rates

A reversion from current
tariffs (including preferential
where applicable) to Tokyo
Round era bound rates

A reversion to 1980
transportation cost

Impact on

US exports

Impact on

US imports

Impact on

US exports

Impact on

US imports

Impact on

US exports

Impact on

US imports

Initial/present tariff/AVE (percent)

3.9

2.5

3.9

2.5

3.2

3.2

Final/past tariff/AVE (percent)

13.5

4.1

17.9

6.0

4.3

4.3

Tariff percentage point change

-9.5

-1.5

-14.0

-3.5

-1.1

-1.1

2004 US exports to partners (billions of dollars)

707

707

707

707

707

707

2004 US imports from partners (billions of dollars)

1,294

1,294

1,294

1,294

1,294

1,294

Export price elasticity

-1.17

-1.17

-1.17

-1.17

-1.17

-1.17

Import price elasticity

-1.30

-1.30

-1.30

-1.30

-1.30

-1.30

Applicable elasticity

Export

Import

Export

Import

Export

Import

Applicable trade flow

Export

Import

Export

Import

Export

Import

Impact on trade (tariff/AVE change*elasticity)

11.12

2.00

16.29

4.54

1.28

1.43

Hypothetical trade after tariff/AVE change (billions of dollars)

629

1,268

592

1,235

698

1,276

Impact of tariff/AVE change (billions of dollars)

79

26

115

59

9

19

4 - No preferential

5 - NTB reversion

6 - Back to 1990 MFN

A reversion from current
tariffs (including preferential
where applicable) to MFN
only tariffs

A reversion from Kee,
Nicita, and Olarreaga (2005)
estimates of NTB barriers
to "past" estimates of US
partner NTB barriers

A reversion from current
tariffs (including preferential
where applicable) to circa
1990 MFN applied tariffs

Impact on

US exports

Impact on

US imports

Impact on

US exports

Impact on

US imports

Impact on

US exports

Impact on

US imports

Initial/present tariff/AVE (percent)

3.9

2.5

10.3

7.5

3.9

2.5

Final/past tariff/AVE (percent)

7.4

3.8

20.5

15.4

10.3

5.7

Tariff percentage point change

-3.5

-1.2

-10.2

-7.9

-6.4

-3.2

2004 US exports to partners (billions of dollars)

707

707

707

707

707

707

2004 US imports from partners (billions of dollars)

1,294

1,294

1,294

1,294

1,294

1,294

Export price elasticity

-1.17

-1.17

-1.17

-1.17

-1.17

-1.17

Import price elasticity

-1.30

-1.30

-1.30

-1.30

-1.30

-1.30

Applicable elasticity

Export

Import

Export

Import

Export

Import

Applicable trade flow

Export

Import

Export

Import

Export

Import

Impact on trade (tariff/AVE change*elasticity)

4.08

1.59

11.91

10.22

7.45

4.14

Hypothetical trade after tariff/AVE change (billions of dollars)

678

1,273

623

1,162

655

1,240

Impact of tariff/AVE change (billions of dollars)

29

21

84

132

53

54