This paper studies the heterogeneous impacts of the US-China trade war through linkages in global value chains. By building a two-stage, multi-country, multi-sector general equilibrium model, this paper discusses how imports tariffs effect domestic producers through internal linkage within industry and external linkage across industries. The model validates that imports tariffs on Chinese upstream intermediate […] The post No, China did not win the trade war appeared first on Marginal REVOLUTION.
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Manufacturing activity fell to its lowest level in more than a decade, a sign of fallout...Manufacturing activity fell to its lowest level in more than a decade, a sign of fallout from President Trump’s trade war.
Chinese exports to the US tanked in August as Trump's trade-war tariffs hit demand | Markets Insider
China's exports to America tanked 16% in August as Donald Trump's tariffs sapped demand for Chinese...China's exports to America tanked 16% in August as Donald Trump's tariffs sapped demand for Chinese goods in their biggest foreign market. Chinese imports of US goods dropped by about 22%, suggesting American exporters are also suffering from the trade war. The declines will pile more pressure on Chinese authorities to stimulate the economy, days after they announced banks' reserve requirements would be cut to their lowest level since 2007. View Markets Insider's homepage for more stories. China's exports to America tanked 16% to $44.4 billion in August — a sharp acceleration from their 6.5% drop in July, Reuters said — as Donald Trump's tariffs sapped demand for Chinese goods in their biggest foreign market. However, Chinese imports of US goods dropped by about 22% to $10.3 billion, official customs data showed. The steep drop suggests US exporters are also suffering from the trade war between the world's two largest economies. Those declines are likely to accelerate in the coming months as both sides ramp up tariffs. The Trump administration slapped a 15% duty on $112 billion worth of Chinese goods on September 1. If a trade agreement isn't reached, it plans to hike existing tariffs on $250 billion of Chinese goods from 25% to 30% at the start of October, and impose duties on another $160 billion of imports in mid-December. Meanwhile, China has targeted about $120 billion of US imports so far. It retaliated with its own tariffs at the start of September, and has a second batch planned for mid-December. Chinese officials are set to attend trade talks in Washington next month in the hope of striking a deal and avoiding those increases. China's overall exports slid 0.1% in August, upending analysts' expectations of 2.2% growth, Bloomberg said. The surprise downturn could ramp up pressure on Chinese authorities to stimulate the economy. On Friday, the central bank said it would cut banks' reserve requirements, — the amount of cash they have to keep on hand — to the lowest level since 2007 in a bid to boost demand.SEE ALSO: American companies said they cut more than 10,000 jobs in August because of trade tensions Join the conversation about this story » NOW WATCH: 7 lesser-known benefits of Amazon Prime
Chinese exports worth $125bn will face new taxes from 1 September, while China places levy on...Chinese exports worth $125bn will face new taxes from 1 September, while China places levy on oil as agreement becomes more distant China and the United States have begun imposing additional tariffs on each other’s goods in the latest escalation of their bruising trade war that has sent shockwaves through the global economy.A new round of tariffs took effect from 0401 GMT on Sunday, with Beijing’s levy of 5% on US crude oil marking the first time the fuel has been targeted since the world’s two largest economies started their trade war more than a year ago. Continue reading...