Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff …-maximizing tariffs are uniform across sectors. We show that tariff escalation can be rationalized on efficiency grounds in the presence … up the chain for final-good tariffs, input tariffs may drive final-good producers to relocate abroad, mitigating their …

offsetting the effects of tariffs on relative prices, without completely redressing the effects of the tariff on the broader set …

retaliate by increasing their tariffs on imports from the United States. Using a new quarterly dataset on bilateral trade for 99 …

We study the economic and political consequences of the 2018-2019 trade war between the United States, China and other … US trade partners at the detailed geographic level, exploiting measures of local exposure to US import tariffs, foreign … retaliatory tariffs, and US compensation programs. The trade-war has not to date provided economic help to the US heartland …

This paper shows that the outcome of trade wars for tariffs and welfare will be affected by the monetary policy regime …, trade wars are relatively mild, with low equilibrium tariffs and small welfare costs. Discretionary monetary policies imply … much higher tariffs, high inflation rates, and substantially larger welfare costs. We quantify the effects of a global …

decline in import growth. We then construct measures of export exposure to import tariffs by linking tariffs paid by importing …

In 2018, the US launched a trade war with China, an abrupt departure from its historical leadership in integrating … global markets. By late 2019, the US had tariffed roughly $350 billion of Chinese imports, and China had retaliated on $100 …, China and other countries. This article reviews what we have learned to date from this work …

The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on … tariffs. We find a significant reduction in US movie revenue in regions more exposed to the Trump tariffs, but no …

We study global trade responses to the US-China trade war. We estimate the tariff impacts on product-level exports to … 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 …

market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …