data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization …

. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 …

China's because of its high tariffs but in the long run, India's gains are higher than China's once its tariff levels are …As revealed by the trade intensity indices, India and the People's Republic of China have significant bilateral trade … losses in imports of both India and China due to different preferential trading arrangements and free-trade arrangements …

declines the most experience more severe employment losses along with larger increases in the value of imports from China and … the number of firms engaged in China-U.S. trade. These results are robust to other potential explanations of the …

, assuming that the agreement would eliminate all transatlantic tariffs and reduce non-tariff barriers as other deep PTAs have …