Over the last three years, trade tensions between the United States (US) and China have transformed a fairly open … escalation between the US and China. The aim is to identify potential winners and losers among third-party economies. More …) model tariff's impacts on US-China bilateral trade and then (2) track how third-countries might be impacted via …

concern over the "Trade War" between the US and China. We evaluate the market responses to this event for firms in both … countries, depending on their direct and indirect exposures to US-China trade. US firms that are more dependent on exports to … and imports from China have lower stock and bond returns but higher default risks in the short time window around the …

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 … in line with the Lerner Symmetry theorem but global output contracts. Global output contracts even further after China …