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Political Costs of Trade War Tariffs.

Authors :
Mansfield, Edward D.
Solodoch, Omer
Source :
Journal of Politics. Jul2024, Vol. 86 Issue 3, p1098-1103. 6p.
Publication Year :
2024

Abstract

We analyze whether—and, if so, how—Americans reacted to the escalation of the trade war between the United States and China in June 2018. To address this issue, we leverage surveys conducted in the United States during this phase of the economic clash. We find a significant reduction in support for Donald Trump and his trade policy immediately following the announcement of retaliatory tariffs by the Chinese government. Moreover, respondents' economic concerns about the trade war were primarily sociotropic and only weakly related to personal pocketbook considerations or local exposure to Chinese retaliatory tariffs. We also find that the trade war's intensification was politically consequential, decreasing support for Republican candidates in the 2018 midterm elections. Our findings indicate that trade wars can be politically costly for incumbent politicians, even among voters who are not directly affected by retaliatory tariffs. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00223816
Volume :
86
Issue :
3
Database :
Academic Search Index
Journal :
Journal of Politics
Publication Type :
Academic Journal
Accession number :
177841212
Full Text :
https://doi.org/10.1086/729948