Dinopoulos, Elias; Heins, Gunnar; Unel, Bulent - 2021
tariffs in the range of 14 percent for the U.S. to 43 percent for China, and tend to increase unemployment and income …-generating tariffs to study the aggregate and distributional consequences of tariff wars in a unified framework. Motivated by the 2018 …, China and the Rest of the World. If governments maximize aggregate welfare, the average optimal tariff and the average Nash …