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Imports.

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This paper describes data on U.S. imports from 1972-1994, classified according to the Tariff Schedule of the U.S. Annotated (TSUSA), Harmonized System (HS), Standard International Trade Classification (SITC, Revisions 2 and 3), and Standard Industrial Classification (SIC, 1972 basis), along with various concordances. All of these data sets are disaggregated by the source country for imports. These data are available on the CD-ROM: `NBER Trade Database, Disk 1: U.S. Imports, 1972-1994,' which can be ordered for $50 from the Publications Department, NBER, 1050 Massachusetts Avenue, Cambridge, MA 02138. The TSUSA and HS import data are at the most disaggregate level collected by the U.S. Census, and will be particularly useful for research on antidumping cases. The SITC import data will be valuable for those wanting to compare U.S. trade flows at a more aggregate level with comparable data for other countries. The SIC import data will be particularly useful for those wanting to study the effects of import competition on U.S. industries. A summary of the SIC data, which does not contain the source country detail and incorporates earlier years, is available via anonymous FTP from: nber.harvard.edu/pub/feenstra. A second CD-ROM, containing U.S. export data, will be released later in 1996.

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In this paper we quantify the potential revenue available to the U.S. from auctioning import quotas, and the resulting drop in foreign producer surplus relative to free trade. Previous estimates of auction revenue are in the range of $3 7-5.15 billion for 1986 or 1987. Using simulation results from computable partial or general equilibrium models, we find that this revenue gain would be at the expense of a large drop in foreign producer surplus. Ignoring textiles and apparel, the potential auction revenue is $1 3-2.15 billion, and the foreign loss is $0.5-O.7 billion relative to free trade. One alternative to auction quotas is a system of tariff-rate quotas, which are designed to keep supplier countries welfare equal to that in free trade. We calculate that the tariff-rate quotas could raise $067-1.55 billion in revenue for the U.S. While this amount is less than available through auction quotas, it could still fund a significant program of worker adjustment, and would mitigate the foreign response.

Imports. --- Imports

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Exports --- Foreign trade promotion --- Imports --- Imports --- Imports

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Hardwoods --- Imports