Episode 2. Who Wins and Who Loses in a Trade War? The US–China Case

Ever wondered how trade wars affect our economies? In this episode, we explore Pablo D. Fajgelbaum and Amit K. Khandelwal's compelling paper, "The Economic Impacts of the US–China Trade War," breaking down the real-world consequences of recent tariff battles. Did tariffs help or hurt consumers and producers in the US and China? What were the wider global impacts?

We turn complex economic analysis into accessible discussions, covering tariff pass-through, employment effects, and who ultimately bears the costs of trade disputes.

📖 Citation: Fajgelbaum, Pablo D., and Amit K. Khandelwal. 2022. "The Economic Impacts of the US–China Trade War." Annual Review of Economics 14:205–28. [https://doi.org/10.1146/annurev-economics-051420-110410]

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