The General Agreements on Tariffs and Trade facilitated liberal trade of goods globally by opening up domestic markets and reducing interference of states in trade. The proposition of the GATT to some extent meant curtailing sovereign powers of the state. Countries were cognizant of the fact...

Are Temporary Trade Barriers (TTBs) introduced for strategic reasons? To answer this question, we construct a novel sectoral measure of retaliation using daily bilateral data on TTB responses in 1220 subsectors across a panel of 25 advanced and emerging market economies over 1989-2019. Stylized...

In this paper, we investigate the scale of the drop in American imports after it imposed punitive tariffs on Chinese goods. Our analysis spans the whole period of Donald Trump's presidency (January 2017 - January 2021). In contrast to existing studies, which are mainly devoted to the impact of...

Purpose – This study addresses the development of China’s semiconductor industry in the context of the U.S.-China trade conflict, and analyzes the impact on other industries.Design/Methodology/Approach – Based on the multi-regional input-output table industry splitting method, the...