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 …

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 …

effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand. …

effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand. …

tariffs in the range of 14 percent for the U.S. to 43 percent for China, and tend to increase unemployment and income …-generating tariffs to study the aggregate and distributional consequences of tariff wars in a unified framework. Motivated by the 2018 …, China and the Rest of the World. If governments maximize aggregate welfare, the average optimal tariff and the average Nash …