The Economic Impacts of the US-China Trade War
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 imposed tariffs on roughly $350 billion of Chinese imports, and China had retaliated on $100 billion US exports. Economists have used a diversity of data and methods to assess the impacts of the trade war on the US, China and other countries. This article reviews what we have learned to date from this work.
Maximilian Schwarz provided excellent research assistance. We thank the Editor, Gene Grossman, Jonathan Vogel, and Stephen Redding for helpful comments and suggestions. E-mail: email@example.com, firstname.lastname@example.org. When citing this paper, please use the following: Fajgelbaum PD, Khandelwal AK. 2021. The Economic Impacts of the Trade War. Annu. Rev. Econ. 3: Submitted. DOI: 10.1146/annurev-economics-051420-110410. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Pablo D. Fajgelbaum & Amit K. Khandelwal, 2022. "The Economic Impacts of the US–China Trade War," Annual Review of Economics, vol 14(1).