How to conduct tariff analysis ?
Conducting a tariff analysis involves evaluating the impact of tariffs (taxes on imports or exports) on trade, prices, industries, and economies. Here's a structured approach to help you conduct a thorough tariff analysis: 🔍 1. Define the Scope and Objectives Purpose : Are you analyzing the impact on a specific industry, country, or product? Type of Tariff : Is it an ad valorem (percentage-based), specific (fixed amount), or compound tariff? 📊 2. Gather Relevant Data Tariff schedules : From government or WTO databases. Trade volumes : Import/export data by product and country. Prices : Pre- and post-tariff prices of goods. Economic indicators : GDP, inflation, employment, etc. Industry data : Production, consumption, and competitiveness. 🧮 3. Quantitative Analysis Effective Rate of Protection (ERP) : Measures protection to domestic producers. Tariff Revenu...