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 …

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 …

China's rapid rise in the global economy following its 2001 WTO entry has raised questions about its economic impact on … the rest of the world. In this paper, we focus on the U.S. market and potential consumer benefits. We find that the China … attention in the literature, is the U.S. granting permanent normal trade relations (PNTR) to China. A second, new channel we …