Center for Agricultural and Rural Development
Center for Agricultural and Rural Development

The 2018 Trade War: Data and Nascent General Equilibrium Analysis

December 2018 [18-WP 587]
Authors
  • Minghao Li
  • Edward J. Balistreri
  • Wendong Zhang

CARD Suggested Citation

Li, M., E.J. Balistreri, and W. Zhang. 2018. “The 2018 Trade War: Data and Nascent General Equilibrium Analysis.” Working paper 18-WP 587. Center for Agricultural and Rural Development, Iowa State University.

Summary

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