The 2018 Trade War: Data and Nascent General Equilibrium Analysis

Minghao Li, Edward Balistreri and Wendong Zhang ()

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: 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

Date: 2018-12
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:18-wp587

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