Should the China-U.S. trade agreement prompt relief because it averts a damaging trade war or concern because selective … preferential access for the United States to China's markets breaks multilateral rules against discrimination? The answer depends … on how China implements the agreement. Simulations from a computable general equilibrium model suggest that the United …

increase in U.S. tariffs on imports from all regions to about 30 percent (the average non-Most Favored Nation tariff currently …-the European Union, China, Mexico, Canada, and Japan. The paper then considers four possible responses by developing countries to … outside the United States; and (iv) option (iii) and unilaterally liberalize tariffs on imports from the United States. The …

selecting countries with which it runs bilateral trade deficits as the most suitable targets of its bargaining tariffs. Less … tariffs. Rather, the paper shows that the main costs will arise from the use of the tactics themselves, and from the damage …