Trade

Featured Items

Magnification of the ‘China Shock’ Through the U.S. Housing Market
  • Working Paper
The ‘China shock’ operated in part through the housing market, and that is an important reason why the China shock was...
Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy
  • Working Paper
We use micro data collected at the border and at retailers to characterize the effects of recent changes in US trade...
The Consumption Response to Trade Shocks: Evidence from the US-China Trade War
  • Working Paper
This paper provides evidence on the consumption effects of trade shocks by exploiting changes in US and Chinese trade...
U.S. Trade Policy in Historical Perspective
  • Working Paper
This survey reviews the broad changes in U.S. trade policy over the course of the nation’s history. Import tariffs...
The Impact of the 2018 Trade War on U.S. Prices and Welfare
  • Working Paper
This paper explores the impacts of the Trump administration’s trade policy on prices and welfare. Over the course of...
The Return to Protectionism
  • Working Paper
After decades of supporting free trade, in 2018 the U.S. raised import tariffs and major trade partners retaliated. We...