Cen, Ling; Cohen, Lauren; Wu, Jing - National Bureau of Economic Research - 2024
Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade … tensions, we show a counterintuitive pattern in global trade. Namely, while the average firm trading with these nations … significantly decreases their trade with these jurisdictions following sanctions, government-linked firms show a marked contrast. In …