This paper provides an economic analysis of the trade conflict between the US and China, providing an overview of the … conflict, based both on empirics (ex post analysis) and on simulations (ex ante analysis). Bilateral tariffs have increased on … average to 17% between the US and China, and the Phase One Agreement signed in January 2020 between the two countries only …

trade policy instruments – tariffs, as defined by the WTO – World Trade Organization. It is divided into three sections: the … first one examines the effects of exchange rate variations on tariffs and its consequences for the multilateral trade system …, US and China; and the third summarizes the methodology applied to calculate the impacts of exchange rate misalignments on …

We investigate the extent to which the effect of the 2018/2019 US import tariff hikes on US (post-tariff) import prices … that offsetting effects on the newly imposed tariffs were substantial. …

During the U.S.-China trade war, the U.S. punitive tariffs were almost entirely borne by U.S. importers. In contrast …, only 68% of China's retaliatory tariffs were paid by Chinese importers. The puzzling difference between the U.S. and China … is mainly driven by their different import structures and product heterogeneity in tariff pass-through. China mainly …

, assuming that the agreement would eliminate all transatlantic tariffs and reduce non-tariff barriers as other deep PTAs have …