We study how trade-policy dynamics affect the dynamics of trade volumes and the implications of these effects for … estimates of the trade elasticity. We use data on US imports and trade policy from 1974-2017 for China and Vietnam …-firm dynamic trade model to recover the dynamic path of the trade elasticity following an unanticipated, permanent tariff change …

How much do contracting frictions between global firms and their suppliers impact country welfare and trade? We answer … to a bilateral holdup problem. Sourcing decisions aggregate into a gravity equation for trade flows by organizational … gains from trade, including the stakes in a US-China decoupling scenario …

them in isolation. Economic theory focuses on trade and multinational activity but gives relatively little attention to …

firm-to-firm trade with two-sided market power. Our theory extends standard oligopoly insights in two dimensions. First, it …, yielding new concentration measures that capture competition in firm-to-firm trade. Analysis of Colombian transaction …-level import data shows these differences are key to understanding markup dynamics in international trade …

We review theoretical and empirical work on the economic effects of the United States and China trade relations during … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate … its effects, describe its economic effects, and analyze if this increase in trade protectionism reverted the effects of …

export, we use Belgian data with information on both domestic firm-to-firm sales and foreign trade transactions. Our …

US exports in 2007. Despite their disproportionate share of global trade, MNEs' input sourcing and final-good production … decisions are often studied separately. Using newly merged data on firms' trade and FDI activity by country, we show that US … sourcing locations, and leads to non-monotonic responses in third markets to bilateral trade cost changes …

, the impact of trade on innovation depends critically on how it drives scale and competition in high- versus low …

in response to internal economies of scale in trade costs. This suggests that chains will be longer on average in … fundamental trade-off: shorter chains have lower marginal cost but also fewer sellers, which can reduce competition, product …