Intro -- CHINA'S TRADE WITH THE UNITED STATES AND THE WORLD -- CHINA'S TRADE WITH THE UNITED STATES AND THE WORLD -- CONTENTS -- PREFACE -- THE RATIONALE FOR U.S. POLICY AND INITIATIVES* -- TRADE POLICY DEVELOPMENTS -- Congressional Actions -- SUMMARY OF TRADE DATA -- CHINA'S TRADE BALANCE AND...

Some believe in the "Thucydides Trap": the idea that, since a rising power will challenge the dominance of an established one, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are in fact each other's most important...

We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity differences across monopolistically competitive firms are endogenous and depend on investment decisions at the entry stage. By increasing entry costs, financial frictions lower the...