apply this framework to understanding the implications of the U.S.-China trade war. Our results show that the trade …, but also by causing declines in the returns of firms trading with China. We find that markets expect the trade war to …

the US, China, and rest of world. On average, countries decreased exports to China and increased exports to the US and … rest of world. Most countries export products that complement the US and substitute China, and a subset operate along …We study global trade responses to the US-China trade war. We estimate the tariff impacts on product-level exports to …

We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …

In 2018, the US launched a trade war with China, an abrupt departure from its historical leadership in integrating … global markets. By late 2019, the US had tariffed roughly $350 billion of Chinese imports, and China had retaliated on $100 …, China and other countries. This article reviews what we have learned to date from this work …

The unexpected outbreak of the U.S.-China trade war led to dramatic increases in the import and export tariffs …