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Modelling the long-run economic impacts of a stylised US tariff increase: technical paper

This paper uses the Scottish Government Computable General Equilibrium (CGE) model to assess the long-run economic impacts of a stylised 10% tariff increase by the United States on UK goods exports.


Annex D – US shares of trade

Figure: US shares of trade for scaling price shocks in CGE model, per cent

US share of trade in exports and imports

Scotland

UK

Scotland

UK

CGE sector

US share of exports within division

US share of exports within division

US share of imports within division

US share of imports within division

Chemicals

28.4

20.1

26.8

12.5

Electronics

17.8

17.3

17.1

9.0

Mining

16.6

3.5

23.7

6.3

Machinery

15.6

18.1

15.0

8.5

Food and drink

13.3

10.4

3.8

1.9

Textiles

12.7

9.7

13.4

5.1

Metals

9.1

13.7

9.0

5.8

Agriculture

9.0

11.1

4.5

3.0

Utilities

8.5

4.7

0.9

9.0

Transportation

-

15.4

-

5.5

Contact

Email: economic.statistics@gov.scot

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