reduction in Chinese imports from the U.S. during the height of the U.S.-China trade war in 2018 and 2019. We infer non … than 90\% of the welfare cost to Chinese consumers of the U.S.-China trade war. The welfare loss to China of a given …

development of Asian financial markets and the completion of an Asian free trade area. These policy adjustments will occur most …

bilateral trade between Belgium and its main trading partners. I find that import and export markets have specific dynamics and …

into China, consistent with recent trade policies by the US and the Chinese governments. We abstract from tariffs on goods … exported from the euro area, focusing on a US-China trade war. A unilateral tariff from the US against China dampens US exports … retaliates. The euro area benefits from this trade war. These European trade diversion benefits are caused by cheaper imports …

Using highly disaggregated transaction-level trade data, we document the importance of new firmlevel trade partner … trade with endogenous matching between heterogenous importers and exporters. Simulations of the model highlight a new … channel through which exchange rate movements can affect trade - through the short-run formation of new trade relationships …