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Countervailing Duties, Antidumping Tariffs, And The Byrd Amendment: A Welfare Analysis

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  • Schmitz, Troy G.
  • Seale, James L., Jr.

Abstract

The so-called "Byrd Amendment" effectively empowers producers and processors, who successfully petition the U.S. government to impose ADCV duties on competing imports, to keep the proceeds of those tariffs. We determine the effect that the Amendment has on domestic producers, consumers, and taxpayers. We derive the "optimum antidumping tariff" that would maximize the welfare of producers that receive payments under the Amendment. We compare and contrast this newly derived optimal antidumping tariff (that maximizes the sum of producer surplus and tariff revenue) with the optimal revenue tariff (that maximizes tariff revenue alone) and the optimal welfare tariff (that maximizes the sum of consumer surplus, producer surplus, and tariff revenue).

Suggested Citation

  • Schmitz, Troy G. & Seale, James L., Jr., 2004. "Countervailing Duties, Antidumping Tariffs, And The Byrd Amendment: A Welfare Analysis," 2004 Annual meeting, August 1-4, Denver, CO 19980, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:19980
    DOI: 10.22004/ag.econ.19980
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    Cited by:

    1. Collie, David R. & Vandenbussche, Hylke, 2006. "Tariffs and the Byrd amendment," European Journal of Political Economy, Elsevier, vol. 22(3), pages 750-758, September.
    2. Troy G. Schmitz, 2018. "Impact of the 2014 Suspension Agreement on sugar between the United States and Mexico," Agricultural Economics, International Association of Agricultural Economists, vol. 49(1), pages 55-69, January.
    3. Yoshitomo Ogawa & Yoshiyasu Ono, 2011. "The Byrd Amendment as Facilitating a Tacit International Business Collusion," Review of International Economics, Wiley Blackwell, vol. 19(5), pages 877-893, November.
    4. Benjamin Liebman & Kasaundra Tomlin, 2015. "World Trade Organization sanctions, implementation, and retaliation," Empirical Economics, Springer, vol. 48(2), pages 715-745, March.

    More about this item

    Keywords

    International Relations/Trade;

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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