in which traders operate.Binding tariffs at the WTO reduces the scope for their discretionary use. But, countries have … at which countries have committed at the WTO is sufficient to diminish trade policy volatility is an empirical question … commitments ; tariff volatility ; trade policy uncertainty ; World Trade Organization ; trade agreements …

China around its WTO accession, we find that a reduction of trade policy uncertainty between China and the US decreases the … volatility of firm-level export to the US and increases the volatility of export to the rest of the world, suggesting a risk …-sharing effect among export destinations. In the aggregate level, the shock in trade policy uncertainty has no significant effect on …