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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 E – Exposure of domestic output to US trade

Figure: US exports as a share of domestic output by industry, per cent

CGE sector

Scotland

UK

Chemicals and pharmaceuticals

10.6

11.6

Electronics

8.1

7.6

Machinery

5.7

10.3

Food and drink

5.4

1.6

Textiles

2.9

2.6

Metals

2.2

4.3

Mining

1.8

2.2

Agriculture

1.1

1.1

Utilities

0.3

0.2

Transportation

0.0

1.9

Contact

Email: economic.statistics@gov.scot

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