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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 …, China and other countries. This article reviews what we have learned to date from this work …
Persistent link: https://www.econbiz.de/10012629535
The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on …
Persistent link: https://www.econbiz.de/10013191093
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 complement the US and substitute China, and a subset operate along …
Persistent link: https://www.econbiz.de/10012794590
market data. By estimating the effect of U.S.-China tariff announcements on aggregate returns and the differential returns of … firms exposed to China, we identify their effect on treated and untreated firms. We show theoretically and empirically that …
Persistent link: https://www.econbiz.de/10012481697
apply this framework to understanding the implications of the U.S.-China trade war. Our results show that the trade …, but also by causing declines in the returns of firms trading with China. We find that markets expect the trade war to …
Persistent link: https://www.econbiz.de/10012533307
Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade …
Persistent link: https://www.econbiz.de/10014576650
tariff escalation increasing in the extent of downstream returns to scale. A quantitative evaluation of the US-China trade …
Persistent link: https://www.econbiz.de/10013334443
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … China would face Non-Normal Trade Relations tariffs in the future. Our findings imply that the expected mean future U ….S. tariff on China rose more under President Biden than under President Trump. We also show that the trade response to the trade …
Persistent link: https://www.econbiz.de/10014486241
We investigate the phenomenon of trade re-allocations across countries as a result of the U.S.- China trade war. Using …, including products not targeted by U.S. tariffs on China. We are however the first to ask what seems to drive these trade ….S. tariffs on China. Second, we show that there is evidence of spillovers to similar non-targeted products: products in similar …
Persistent link: https://www.econbiz.de/10014437053
reduction in Chinese imports from the U.S. during the height of the U.S.-China trade war in 2018 and 2019. We infer non … than 90\% of the welfare cost to Chinese consumers of the U.S.-China trade war. The welfare loss to China of a given …
Persistent link: https://www.econbiz.de/10013361973