Fajgelbaum, Pablo D.; Goldberg, Pinelopi K.; Kennedy, … - 2021 - This Draft: December 2021
rest of world. Most countries export products that complement the US and substitute China, and a subset operate along … the US, China, and rest of world. On average, countries decreased exports to China and increased exports to the US and … downward-sloping supplies. Heterogeneity in responses, rather than specialization, drives export variation across countries …