Feng, Chaonan; Han, Liyan; Li, Lei - 2023
During the U.S.-China trade war, the U.S. punitive tariffs were almost entirely borne by U.S. importers. In contrast …, only 68% of China's retaliatory tariffs were paid by Chinese importers. The puzzling difference between the U.S. and China … product-level tariff pass-through and show that a higher ratio of import demand elasticity over export supply elasticity leads …