Academic Journal
Effects of Eliminating the US–China Trade Dispute Tariffs
| العنوان: | Effects of Eliminating the US–China Trade Dispute Tariffs |
|---|---|
| المؤلفون: | Zheng, Jian, Zhou, Shudong, Li, Xingzi, Padula, Antonio Domingos, Martin, Will |
| المساهمون: | Priority Academic Program Development of Jiangsu Higher Education Institutions, China Agricultural Research System |
| المصدر: | World Trade Review ; volume 22, issue 2, page 212-231 ; ISSN 1474-7456 1475-3138 |
| بيانات النشر: | Cambridge University Press (CUP) |
| سنة النشر: | 2022 |
| الوصف: | This paper examines the economic implications of the tariff increases by the United States and by China during the Trump era trade dispute and the gains from their potential removal. The increases were dramatic, with the US raising tariffs on industrial products by a factor of six – with particularly large tariff increases on intermediate and capital goods – and China increasing its tariffs on US agricultural products more than five-fold. These changes distort trade and production decisions in both countries and undercut the global trading system. They resulted in substantial economic losses to each country, with import volumes reduced by 4.9% in China and 4.5% in the USA, and bilateral trade patterns were massively distorted. Their cost to the United States rose at the end of 2021, when the import expansion provisions of the Trump era Phase One Agreement expired. Negotiating the abolition of these costly and disruptive tariffs would generate substantial real income gains for both countries and help lower US consumer prices. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.1017/s1474745622000271 |
| الاتاحة: | http://dx.doi.org/10.1017/s1474745622000271 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S1474745622000271 |
| Rights: | https://creativecommons.org/licenses/by/4.0/ |
| رقم الانضمام: | edsbas.1D1CEEBD |
| قاعدة البيانات: | BASE |
| DOI: | 10.1017/s1474745622000271 |
|---|