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The Politics Of Taxation: An Economic Analysis Of Politically Motivated Tariffs Placed On French Wine By The United States, Katelyn Hutson
The Politics Of Taxation: An Economic Analysis Of Politically Motivated Tariffs Placed On French Wine By The United States, Katelyn Hutson
Honors Theses
In this paper, I research the economic distortions caused by a 25% retaliatory tariff placed on French wine by the United States in October 2019. This tariff was enacted as retaliation for airline subsidies provided by various European countries to Airbus and was approved by the WTO as a valid compensation for the loss these subsidies caused to the American company Boeing. In order to view the correlation between fluctuations in US import quantities of French wine and the retaliatory tariff, I estimated the effect of the tariff on the wine market using linear regression analysis. Through this regression, I …