Table 20 Comparison of partial and general equilibrium impacts for the United States (billions of US dollars)
|
Scenario |
Exports |
Imports |
Total trade |
Annual benefit | ||||
|
Partial G |
eneral |
Partial |
General |
Partial |
General |
Partiala |
General | |
|
1 - Reversion to Uruguay Round bound tariff rates |
-92 |
-77 |
-30 |
-94 |
-123 |
-171 |
-129 |
-14 |
|
2 - Reversion to Tokyo Round bound tariff rates |
-135 |
-128 |
-69 |
-147 |
-204 |
-275 |
-222 |
-18 |
|
3 - Return to circa 1980 transportation costs |
-11 |
-23 |
-22 |
-44 |
-33 |
-67 |
-33 |
-21 |
|
4 - Removal of preferential tariff rates |
-34 |
-47 |
-25 |
-61 |
-59 |
-109 |
-60 |
-13 |
|
5 - Reversion to circa 1990 nontariff barrier levels |
-99 |
-143 |
-155 |
-121 |
-253 |
-264 |
-282 |
-5 |
|
6 - Reversion to circa 1990 MFN applied tariff rates |
-62 |
-107 |
-63 |
-118 |
-125 |
-225 |
-132 |
-9 |
|
Services trade removed from general equilibrium analysis | ||||||||
|
1 - Reversion to Uruguay Round bound tariff rates |
-92 |
-73 |
-30 |
-94 |
-123 |
-167 | ||
|
2 - Reversion to Tokyo Round bound tariff rates |
-135 |
-119 |
-69 |
-149 |
-204 |
-268 | ||
|
3 - Return to circa 1980 transportation costs |
-11 |
-26 |
-22 |
-44 |
-33 |
-70 | ||
|
4 - Removal of preferential tariff rates |
-34 |
-55 |
-25 |
-60 |
-59 |
-115 | ||
|
5 - Reversion to circa 1990 nontariff barrier levels |
-99 |
-124 |
-155 |
-125 |
-253 |
-249 | ||
|
6 - Reversion to circa 1990 MFN applied tariff rates |
-62 |
-96 |
-63 |
-120 |
-125 |
-217 | ||
a. Calculated as the US population on July 1, 2004 (292.2 million) multiplied by the impacts determined in the sections on "Benefits of Trade Expansion" in this paper.
36