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This paper provides an economic analysis of the trade conflict between the US and China, providing an overview of the tariff increases, a discussion of the background of the trade conflict, and an analysis of the economic effects of the trade conflict, based both on empirics (ex post analysis)...
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We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining … depress trade, investment, and output persistently. The general equilibrium import elasticity is -0.8. Historically, NAFTA …
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