000 01291nam a22001457a 4500
999 _c527491
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100 _aFajgelbaum, Pablo et al
_957696
245 _aThe US-China trade war and global reallocations
260 _aThe American Economic Review: Insights
300 _a6(2), Jun, 2024: p.295-312
520 _aThe US-China trade war created net export opportunities rather than simply shifting trade across destinations. Many "bystander" countries grew their exports of taxed products into the rest of the world (excluding the United States and China). Country-specific components of tariff elasticities, rather than specialization patterns, drove large cross-country variation in export growth of tariff-exposed products. The elasticities of exports to US-Chinese tariffs identify whether a country's exports complement or substitute the United States or China and its supply curve's slope. Countries that operate along downward-sloping supplies whose exports substitute (complement) the United States and China are among the larger (smaller) beneficiaries of the trade war.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aeri.2023009
773 _aThe American Economic Review: Insights
906 _aINTERNATIONAL TRADE
942 _cAR