Two closely related numerical general equilibrium models of world trade are used to analyze the potential consequences of US-China bilateral retaliation on trade flows and welfare. One is a conventional Armington trade model with five regions, the US, China, EU, Japan and Rest of the World, and...

Results from the conventional model suggest that retaliation between the two countries can be welfare improving for US as it substitutes expenditures into own goods and improve its terms of trade with non retaliatory regions, while China and non retaliatory regions maybe adversely affected....

Because of large and rapid growing export volumes and its formal status as a non-market economy; China has been the subject of large numbers of both antidumping initiations and measures. Current estimates are that around 40% of such actions are against China; India, in turn, is the largest source...

Cover -- Contents -- Preface -- Introduction -- I. 2010 Policy Conference, Washington, DC -- Ch 1. Postcrisis EU Governance -- Ch 2. From Convoy to Parting Ways?: Postcrisis Divergence Between European and US Macroeconomic Policies -- Economic Developments -- Monetary Policy -- Fiscal Policy --...