Implications of the US–China Tit-for-Tat Tariff Escalation: A Literature Review of Standard Trade Theory and Empirical Evidence on Economic Consequences and Effects on Both Countries

Implications of the US–China Tit-for-Tat Tariff Escalation: A Literature Review of Standard Trade Theory and Empirical Evidence on Economic Consequences and Effects on Both Countries

This study reviewed standard international trade theories as they pertain to the impact of trade restrictions. Current empirical studies were reviewed to see whether evidence supports trade theory predictions. Conventional price impacts in standard models of international trade show that trade restr...

Full description

Bibliographic Details
Main Author: Tsitsi E. Mutambara
Format: Article
Language:English
Published: HATASO 2019-10-01
Series:Management and Economics Research Journal
Subjects:
us–china
tariff escalation
trade war
economic consequences
Online Access:https://merj.scholasticahq.com/article/10804-implications-of-the-us-china-tit-for-tat-tariff-escalation-a-literature-review-of-standard-trade-theory-and-empirical-evidence-on-economic-consequences-and-effects-on-both-countries

Internet

https://merj.scholasticahq.com/article/10804-implications-of-the-us-china-tit-for-tat-tariff-escalation-a-literature-review-of-standard-trade-theory-and-empirical-evidence-on-economic-consequences-and-effects-on-both-countries

Similar Items