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Trade Model. We measure the spillover effects of tariffs by the export or terms of trade losses incurred by trading partners … address such spillovers to different extents and lead to global export increases of about 3%, with increases of more than 20 …
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Using monthly data on trade in goods between January 2016 and May 2023, this study assesses the impact of recent shocks on the fragmentation of the global economy, looking in particular at the dynamics of friend-shoring, near-shoring and decoupling between the world's two largest economies....
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