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In 2018, the US launched a trade war with China, an abrupt departure from its historical leadership in integrating global markets. By late 2019, the US had tariffed roughly $350 billion of Chinese imports, and China had retaliated on $100 billion US exports. Economists have used a diversity of...
Persistent link: https://www.econbiz.de/10012629535
We study global trade responses to the US-China trade war. We estimate the tariff impacts on product-level exports to the US, China, and rest of world. On average, countries decreased exports to China and increased exports to the US and rest of world. Most countries export products that...
Persistent link: https://www.econbiz.de/10012794590
Individuals that consume different baskets of goods are differentially affected by relative price changes caused by international trade. We develop a methodology to measure the unequal gains from trade across consumers within countries. The approach requires data on aggregate expenditures and...
Persistent link: https://www.econbiz.de/10012458336
the world. The theory rationalizes patterns of specialization, employment, and relative incomes observed in developing …
Persistent link: https://www.econbiz.de/10012458965