Estimations show that in the course of the steel trade war, share prices of American companies benefited upon the announcement of higher tariffs. Announcements of higher tariffs between China and the U.S. caused share prices to tumble-globally and in the U.S.. Tariff related announcements...

Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the collapse of the gold standard? Using recent advances in the estimation of gravity equations, I examine the partial and general equilibrium effects of bilateral distance,...