G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14229
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
URLhttps://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.
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