The US-China Trade War and Global Reallocations (英语)

How did the US-China trade war affect global trade? Surprisingly, exports of products taxed by US or China increased from “bystander” countries to the rest of world (excluding US and China). Hence, the trade war created trade opportunities rather than simply shifting trade across destinations. There was large cross-country variation in export growth of tariff-exposed products, explained mostly by country-specific components of tariff elasticities...
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