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We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …
Persistent link: https://www.econbiz.de/10013361989
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … China would face Non-Normal Trade Relations tariffs in the future. Our findings imply that the expected mean future U ….S. tariff on China rose more under President Biden than under President Trump. We also show that the trade response to the trade …
Persistent link: https://www.econbiz.de/10014486241
-based measures. Examples from countries around the world illustrate the role of political and policy developments as drivers of … market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …
Persistent link: https://www.econbiz.de/10012480187
Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and noncooperative trade relations have focused on governments that are immune from political pressures...
Persistent link: https://www.econbiz.de/10012474682
that optimal tariffs average 62 percent, world trade war tariffs average 63 percent, the government welfare losses from a …
Persistent link: https://www.econbiz.de/10012461311
trading partners and products, and find that Japanese importing from China increases after a reduction in the possibility of a …
Persistent link: https://www.econbiz.de/10014486230
the US, China, and rest of world. On average, countries decreased exports to China and increased exports to the US and … rest of world. Most countries export products that complement the US and substitute China, and a subset operate along …We study global trade responses to the US-China trade war. We estimate the tariff impacts on product-level exports to …
Persistent link: https://www.econbiz.de/10012794590
Although many modern studies find large and significant effects of prior colonial status on bilateral trade, there is very little empirical research that has focused on the contemporaneous impact of empire on trade. We employ a new database of over 21,000 bilateral trade observations during the...
Persistent link: https://www.econbiz.de/10012464882
We investigate the phenomenon of trade re-allocations across countries as a result of the U.S.- China trade war. Using …, including products not targeted by U.S. tariffs on China. We are however the first to ask what seems to drive these trade ….S. tariffs on China. Second, we show that there is evidence of spillovers to similar non-targeted products: products in similar …
Persistent link: https://www.econbiz.de/10014437053
tariff escalation increasing in the extent of downstream returns to scale. A quantitative evaluation of the US-China trade …
Persistent link: https://www.econbiz.de/10013334443