The Impact of the 2018 Trade War on U.S. Prices and Welfare
---- Acknowledgments ----
We are grateful to Gordon Hanson, Enrico Moretti and Mark Gertler for soliciting this paper for the Journal of Economic Perspectives. We thank Don Davis and Rob Feenstra for insightful comments. We thank Noah Kwicklis, Karen Ni, and Angela Wu for excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York, the Federal Reserve System, the National Bureau of Economic Research, or any other institution to which the authors are affiliated. Any errors or omissions are the responsibility of the authors.