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The US-China Trade War and Global Reallocations / Pablo Fajgelbaum, Pinelopi K. Goldberg, Patrick J. Kennedy, Amit Khandelwal, Daria Taglioni.
- Format:
- Book
- Author/Creator:
- Fajgelbaum, Pablo.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29562.
- NBER working paper series no. w29562
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- The US-China trade war created net export opportunities rather than simply shifting trade across destinations. Many "bystander" countries grew their exports of taxed products into the rest of the world (excluding US and China). Country-specific components of tariff elasticities, rather than specialization patterns, drove large cross-country variation in export growth of tariff-exposed products. The elasticities of exports to US-China tariffs identify whether a country's exports complement or substitute US or China and its supply curve's slope. Countries that operate along downward-sloping supplies whose exports substitute (complement) US and China are among the larger (smaller) beneficiaries of the trade war.
- Notes:
- Print version record
- December 2021.
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