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

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. It finds that either unilateral imposition of additional tariffs or bilateral tariff friction will give rise to the deteriorated welfare level of both countries.

Format: Paperback / softback
Length: 187 pages
Publication date: 26 September 2022
Publisher: Taylor & Francis Ltd

Focusing on the intricate interplay between tariff structure, international trade, and welfare evaluation, this comprehensive book delves into the characteristics of tariff structures in both China and the United States in recent years. It also assesses the profound impact of the Sino-U.S. trade friction that commenced in 2018. The first part of the book explores the levels and evolving trends of tariff systems in China and the United States from 2000 to 2014, comparing them side by side. The second part centers on the Sino-U.S. trade friction in 2018, analyzing its development, overall welfare implications, and relevant impact mechanisms. Drawing upon the quantitative analysis method prevalent in the field of international trade, the author considers global value chains, intermediate goods, and variable markup, deviating from the traditional trade theory research conclusions. Surprisingly, the findings indicate that both unilateral imposition of additional tariffs and bilateral tariff friction will lead to a deterioration in the welfare levels of both countries. This insightful book will captivate academics and policy makers with an interest in international trade, China-U.S. relations, and the ongoing trade friction.

Weight: 367g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367707064