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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP14229 |
DP14229 Who's Paying for the U.S. Tariffs? A Longer-Term Perspective | |
Stephen Redding; Mary Amiti; David Weinstein | |
发表日期 | 2019-12-21 |
出版年 | 2019 |
语种 | 英语 |
摘要 | Using data from 2018, a number of studies have found that recent U.S tariffs have been passed on entirely to U.S. importers and consumers. These results are surprising given that trade theory has long stressed that tariffs applied by a large country should drive down foreign prices. Using another year of data including significant escalations in the trade war, we find that U.S. tariffs continue to be almost entirely borne by U.S. firms and consumers. We show that the response of import values to the tariffs increases in absolute magnitude over time, consistent with the idea that it takes time for firms to reorganize supply chains. We find heterogeneity in the responses of some sectors, such as steel, where tariffs have caused foreign exporters to drop their prices substantially, enabling them to export relatively more than in sectors where tariff passthrough was complete. |
主题 | International Trade and Regional Economics |
关键词 | Tariffs Trade war Passthrough |
URL | https://cepr.org/publications/dp14229 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543115 |
推荐引用方式 GB/T 7714 | Stephen Redding,Mary Amiti,David Weinstein. DP14229 Who's Paying for the U.S. Tariffs? A Longer-Term Perspective. 2019. |
条目包含的文件 | 条目无相关文件。 |
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