Tariff Structure, Intermediate Goods, and China–U.S. Trade Friction

Tariff Structure, Intermediate Goods, and China–U.S. Trade Friction

Author: Haichao Fan

Publisher: Routledge

Published: 2021-03-29

Total Pages: 129

ISBN-13: 1000359131

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Focusing on the interconnection of tariff structure, international trade and welfare evaluation, the book investigates the characteristics of tariff structures of China and the U.S. in recent years and measures the impact of the Sino–U.S. trade friction that started in 2018. The first part of the book discusses levels and evolution trends of tariff systems of China and the U.S. from 2000 to 2014 and makes a comparison between the two countries' tariff structures. The second part centers on the Sino–U.S. trade friction in 2018, analyzing its development, overall impact on welfare, and relevant impact mechanisms. The author draws on the quantitative analysis method currently prevailing in the field of international trade, taking global value chains, intermediate goods, and variable markup into consideration. In contrast to the research conclusion applying standard trade theory, the result indicates that either unilateral imposition of additional tariffs or bilateral tariff friction will give rise to the deteriorated welfare level of both countries. The book will appeal to academics and policy makers interested in international trade, China–U.S. relation and the trade friction.


Book Synopsis Tariff Structure, Intermediate Goods, and China–U.S. Trade Friction by : Haichao Fan

Download or read book Tariff Structure, Intermediate Goods, and China–U.S. Trade Friction written by Haichao Fan and published by Routledge. This book was released on 2021-03-29 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the interconnection of tariff structure, international trade and welfare evaluation, the book investigates the characteristics of tariff structures of China and the U.S. in recent years and measures the impact of the Sino–U.S. trade friction that started in 2018. The first part of the book discusses levels and evolution trends of tariff systems of China and the U.S. from 2000 to 2014 and makes a comparison between the two countries' tariff structures. The second part centers on the Sino–U.S. trade friction in 2018, analyzing its development, overall impact on welfare, and relevant impact mechanisms. The author draws on the quantitative analysis method currently prevailing in the field of international trade, taking global value chains, intermediate goods, and variable markup into consideration. In contrast to the research conclusion applying standard trade theory, the result indicates that either unilateral imposition of additional tariffs or bilateral tariff friction will give rise to the deteriorated welfare level of both countries. The book will appeal to academics and policy makers interested in international trade, China–U.S. relation and the trade friction.


Geopolitics, Supply Chains, and International Relations in East Asia

Geopolitics, Supply Chains, and International Relations in East Asia

Author: Etel Solingen

Publisher: Cambridge University Press

Published: 2021-05-06

Total Pages: 321

ISBN-13: 110883356X

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An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.


Book Synopsis Geopolitics, Supply Chains, and International Relations in East Asia by : Etel Solingen

Download or read book Geopolitics, Supply Chains, and International Relations in East Asia written by Etel Solingen and published by Cambridge University Press. This book was released on 2021-05-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.


Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy

Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy

Author: Alberto Cavallo

Publisher: International Monetary Fund

Published: 2019-11-01

Total Pages: 37

ISBN-13: 1513518380

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We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.


Book Synopsis Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy by : Alberto Cavallo

Download or read book Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy written by Alberto Cavallo and published by International Monetary Fund. This book was released on 2019-11-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.


China-U.S. Trade Issues

China-U.S. Trade Issues

Author:

Publisher:

Published: 2009

Total Pages: 31

ISBN-13:

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U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.- China trade has risen from $5 billion in 1980 to $409 billion in 2008. In 2008, China was the second largest U.S. trading partner, its third largest export market, and its biggest source of imports. About 12% of total U.S. global trade is now with China. According to U.S. data, U.S. firms have invested around $28 billion in China (through 2007), some of which is aimed at the Chinese domestic market, while other investment has gone into export-oriented manufacturing facilities. With a huge population and a rapidly expanding economy, China is a potentially huge market for U.S. exporters. However, bilateral economic relations have become strained over a number of issues, including large and growing U.S. trade deficits with China ($266 billion in 2008), China's failure to fully implement its World Trade Organization (WTO) commitments (especially in regards to protection of intellectual property rights), its refusal to adopt a floating currency system, its use of industrial policies (such as subsidies) and other practices deemed unfair and/or harmful to various U.S. economic sectors, and its failure in some cases to ensure that its exported products meet U.S. health and safety standards. Further complicating the bilateral economic relationship is China's large holdings of U.S. debt, such as Treasury securities. In September 2008, China overtook Japan to become the largest foreign holder of such securities. Some analysts welcome China's purchases of U.S. debt securities, which help fund U.S. budget deficits, while others have expressed concerns that growing Chinese holdings of U.S. debt may increase its leverage over the United States.


Book Synopsis China-U.S. Trade Issues by :

Download or read book China-U.S. Trade Issues written by and published by . This book was released on 2009 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.- China trade has risen from $5 billion in 1980 to $409 billion in 2008. In 2008, China was the second largest U.S. trading partner, its third largest export market, and its biggest source of imports. About 12% of total U.S. global trade is now with China. According to U.S. data, U.S. firms have invested around $28 billion in China (through 2007), some of which is aimed at the Chinese domestic market, while other investment has gone into export-oriented manufacturing facilities. With a huge population and a rapidly expanding economy, China is a potentially huge market for U.S. exporters. However, bilateral economic relations have become strained over a number of issues, including large and growing U.S. trade deficits with China ($266 billion in 2008), China's failure to fully implement its World Trade Organization (WTO) commitments (especially in regards to protection of intellectual property rights), its refusal to adopt a floating currency system, its use of industrial policies (such as subsidies) and other practices deemed unfair and/or harmful to various U.S. economic sectors, and its failure in some cases to ensure that its exported products meet U.S. health and safety standards. Further complicating the bilateral economic relationship is China's large holdings of U.S. debt, such as Treasury securities. In September 2008, China overtook Japan to become the largest foreign holder of such securities. Some analysts welcome China's purchases of U.S. debt securities, which help fund U.S. budget deficits, while others have expressed concerns that growing Chinese holdings of U.S. debt may increase its leverage over the United States.


The China-US Trade War

The China-US Trade War

Author: Guoyong Liang

Publisher: Routledge

Published: 2022-04

Total Pages: 104

ISBN-13: 9780367535759

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This book provides a timely account of the US-China trade war with insights into its causes and consequences. It analyses the context and causes of the trade war, the intertwined processes of tariff combat and trade negotiations, and the impacts on international trade among others.


Book Synopsis The China-US Trade War by : Guoyong Liang

Download or read book The China-US Trade War written by Guoyong Liang and published by Routledge. This book was released on 2022-04 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a timely account of the US-China trade war with insights into its causes and consequences. It analyses the context and causes of the trade war, the intertwined processes of tariff combat and trade negotiations, and the impacts on international trade among others.


U.S. Trade and Investment Policy

U.S. Trade and Investment Policy

Author: Andrew H. Card

Publisher: Council on Foreign Relations

Published: 2011

Total Pages: 135

ISBN-13: 0876094418

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From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war


Book Synopsis U.S. Trade and Investment Policy by : Andrew H. Card

Download or read book U.S. Trade and Investment Policy written by Andrew H. Card and published by Council on Foreign Relations. This book was released on 2011 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war


Offshoring and Employment Trends and Impacts

Offshoring and Employment Trends and Impacts

Author: OECD

Publisher: OECD Publishing

Published: 2007-07-13

Total Pages: 224

ISBN-13: 9264030948

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This report defines offshoring in detail, describes the wide-ranging effects that offshoring can have on employment both positively and negatively, and outlines the policy implications, suggesting ways to limit the downside of offshoring while building trust among stakeholders.


Book Synopsis Offshoring and Employment Trends and Impacts by : OECD

Download or read book Offshoring and Employment Trends and Impacts written by OECD and published by OECD Publishing. This book was released on 2007-07-13 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report defines offshoring in detail, describes the wide-ranging effects that offshoring can have on employment both positively and negatively, and outlines the policy implications, suggesting ways to limit the downside of offshoring while building trust among stakeholders.


US-China Economic Relations

US-China Economic Relations

Author: Ha Jiming

Publisher: Peterson Institute for International Economics

Published: 2019-04-25

Total Pages:

ISBN-13: 0881327395

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Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.


Book Synopsis US-China Economic Relations by : Ha Jiming

Download or read book US-China Economic Relations written by Ha Jiming and published by Peterson Institute for International Economics. This book was released on 2019-04-25 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.


Peeling Away the Layers: Impacts of Durable Tariff Elimination

Peeling Away the Layers: Impacts of Durable Tariff Elimination

Author: Arevik Gnutzmann-Mkrtchyan

Publisher: International Monetary Fund

Published: 2018-05-10

Total Pages: 61

ISBN-13: 1484353684

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We demonstrate that durable MFN tariff elimination affects trade patterns through several layers, which generates non-linear impacts. First, complete tariff elimination results in a large additional trade gains over and above tariff reductions. Second, commitment to durable tariff elimination, through WTO bindings, further boosts both imports and exports of ITA members. The unique setting of the WTO Information Technology Agreement (ITA) allows us to identify these effects of non-discriminatory trade policies because (i) ITA constitutes a quasi-natural experiment as several “passive” signatories joined it as an unavoidable part of pursuing of a larger policy objective, and (ii) ITA's partial coverage of the IT sector provides a natural control group for cross-product identification. Commitments under the ITA spurned development of a downstream IT export sector in “passive” signatories.


Book Synopsis Peeling Away the Layers: Impacts of Durable Tariff Elimination by : Arevik Gnutzmann-Mkrtchyan

Download or read book Peeling Away the Layers: Impacts of Durable Tariff Elimination written by Arevik Gnutzmann-Mkrtchyan and published by International Monetary Fund. This book was released on 2018-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: We demonstrate that durable MFN tariff elimination affects trade patterns through several layers, which generates non-linear impacts. First, complete tariff elimination results in a large additional trade gains over and above tariff reductions. Second, commitment to durable tariff elimination, through WTO bindings, further boosts both imports and exports of ITA members. The unique setting of the WTO Information Technology Agreement (ITA) allows us to identify these effects of non-discriminatory trade policies because (i) ITA constitutes a quasi-natural experiment as several “passive” signatories joined it as an unavoidable part of pursuing of a larger policy objective, and (ii) ITA's partial coverage of the IT sector provides a natural control group for cross-product identification. Commitments under the ITA spurned development of a downstream IT export sector in “passive” signatories.


Infrastructure?s Role in Lowering Asia?s Trade Costs

Infrastructure?s Role in Lowering Asia?s Trade Costs

Author: Douglas H. Brooks

Publisher: Edward Elgar Publishing

Published: 2009-01-30

Total Pages: 256

ISBN-13: 1781953279

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Much of the analysis of infrastructure's impact on trade costs focuses on conditions in developed countries. This book makes an invaluable contribution to our understanding by examining the situation in developing Asia, the world's most populous and fastest growing region. This study analyzes and draws policy implications from infrastructure's central role in lowering Asia's trade costs. Infrastructure is shown to be a cost-effective means of lowering trade costs and thereby promoting regional growth and integration. This book combines thematic and country studies, while breaking new ground in.


Book Synopsis Infrastructure?s Role in Lowering Asia?s Trade Costs by : Douglas H. Brooks

Download or read book Infrastructure?s Role in Lowering Asia?s Trade Costs written by Douglas H. Brooks and published by Edward Elgar Publishing. This book was released on 2009-01-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the analysis of infrastructure's impact on trade costs focuses on conditions in developed countries. This book makes an invaluable contribution to our understanding by examining the situation in developing Asia, the world's most populous and fastest growing region. This study analyzes and draws policy implications from infrastructure's central role in lowering Asia's trade costs. Infrastructure is shown to be a cost-effective means of lowering trade costs and thereby promoting regional growth and integration. This book combines thematic and country studies, while breaking new ground in.