.S. auto tariffs. The second analyzes a 'transactional deal' between the U.S. and China to close their bilateral deficit. The … third, in the absence of such a deal, considers a potential escalation in bilateral tariffs between the two countries. Some …

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using … tariffs at different stages of the production chain for a broad set of countries and industries. Our results suggest that … tariffs have significant effects on economic outcomes, including on countries and sectors not directly targeted. We find that …

In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure … reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However …, firms' investment rate increase strongly in response to a reduction in capital goods input tariffs. Firms do not substitute …

of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied … tariffs, and imports at the HS-6 digit level for 58 developing countries, and simulates results for different sets of import …

-CARICOM countries against time and commodity-level variation in external tariffs. I find that in each country the reduction of the …

This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear … the hypothesis that tariffs have no statistically significant impact on the trade balance, the real exchange rate, or the …

This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who … conventional ranking of tariffs and quotas is turned on its head: quotas are not as bad for welfare as previously believed, while … tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses …

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we …