IDEAS home Printed from https://ideas.repec.org/a/wsi/serxxx/v69y2024i07ns0217590821500041.html
   My bibliography  Save this article

The Us–China Trade Dispute: A Macroperspective

Author

Listed:
  • ROD TYERS

    (Business School, University of Western Australia, Research School of Economics, Centre for Applied Macroeconomic Analysis (CAMA), Australian National University, Australia)

  • YIXIAO ZHOU

    (Crawford School of Public Policy, Australian National University, Australia)

Abstract

Declining global multilateralism has brought numerous trade disputes, most notably between the US and China. Here, a new global model featuring monetary policy and revenue reassignment are used to examine the effects of this conflict and this macroeconomic perspective proves to be important. The emergent results provide additional insight and complement other “trade-focused†general equilibrium studies. We find that, with capacity adjustment, US unilateral protection emerges as “beggar thy neighbor†policy. China’s proportional losses are large, little mitigated by its retaliation, which nonetheless constrains US net gains. Third regions trading with China and the US suffer losses only partly offset by trade diversion and greatly enhanced if, to avoid leakage, protection is extended to all sources.

Suggested Citation

  • Rod Tyers & Yixiao Zhou, 2024. "The Us–China Trade Dispute: A Macroperspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 69(07), pages 2055-2082, December.
  • Handle: RePEc:wsi:serxxx:v:69:y:2024:i:07:n:s0217590821500041
    DOI: 10.1142/S0217590821500041
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0217590821500041
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://libkey.io/10.1142/S0217590821500041?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:serxxx:v:69:y:2024:i:07:n:s0217590821500041. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ser/ser.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.