The 2018 Trade War: Data and Nascent General Equilibrium Analysis
Minghao Li, Edward J. Balistreri, Wendong Zhang
December 2018 [18-WP 587]
This study introduces a database of 2018 tariff increases resulting from the recent trade war and quantifies the impacts using the canonical GTAPinGAMS model calibrated to GTAP version 9 accounts. We report relatively modest economy-wide welfare impacts in this perfect-competition Armington model, with substantial impacts on the pattern of trade and output in important sectors.
JEL codes: F11, F12, F17
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