Abberger, Klaus; Bibaj, Arbërim; Gersbach, Hans; … - 2026
manufacturing firms. When confronted with potential U.S. tariffs, respondents expect sizable declines in turnover and investment … rising prices runs counter to the standard prediction of trade models, in which tariffs reduce foreign demand and put …, whereby tariffs raise exporters' marginal costs through compliance burdens, logistical frictions, or reduced scale. Embedding …