Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/231258
Authors: 
Wicht, Laurence
Year of Publication: 
2019
Citation: 
[Journal:] Aussenwirtschaft [ISSN:] 0004-8216 [Volume:] 70 [Year:] 2019 [Issue:] 1 [Pages:] 1-34
Abstract: 
This paper quantifies the impact of trade tensions between the United States and China. Using a general equilibrium Ricardian trade model, it provides a Swiss-centric analysis of two tariff escalation shocks. Counterfactual analysis shows that welfare and trade effects are broadly negative for the United States and China. In contrast, both tariff escalation shocks could lead to a small increase in real GDP in Switzerland. The labor productivity of Swiss manufacturing sectors increases slightly, especially in sectors that are well-connected to China. While trade collapses between the United States and China, Swiss real exports to the United States in selected sectors increase significantly.
Subjects: 
gains from trade
tariffs
trade wars
JEL: 
F10
F11
F14
Document Type: 
Article

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