Fiscal Policy & Regulation

A small subset of the bigger picture regarding US trade policy, this BBC report looks at how US protectionism has had an adverse effect on EU olive growers and, by implication, US consumers. 

The US tariffs have seen a 60% reduction in olive exports - which might lead you to deduce something about the size of the tariff and the elasticities of demand and supply, and it threatening investment, and the future of the sector. A good example of the detrimental effect of tariffs, and indicative of the fact that protectionism creates few winners.