trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by … documenting that the tariffs were almost fully passed through to the total prices paid by importers, suggesting that the tariffs … from several large multinational retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed …

non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …

misallocation, leading to aggregate productivity losses of 5-10 per cent. In particular, tariffs are strongly related to distortions … that are correlated with firm productivity. The main channel through which tariffs distort the allocation of capital is …An often-neglected potential negative consequence of tariffs is the impact they may have on the misallocation of factor …