We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …

World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently. There … was initially obscured by the ongoing expansion of global value chains and associated rapid emergence of China in the … world economy. Post the financial crisis global value chains started to unwind and, possibly associated with this, Chinese …

barriers to services trade around the world are still high. Using a hypothetical liberalisation scenario, this paper assesses …

returned to the global stage. Meanwhile the World Trade Organization (WTO) is facing an existential crisis due to a deadlock in … policies. However, there is no alternative to WTO reform, given that the economic balance in the world has changed - while the … enforcement and dispute settlement mechanism. The EU can act as an 'honest broker' between the USA and China. Establishing an …