Global linkages are changing amidst elevated geopolitical tensions and a surge in policies
directed at increasing supply chain resilience and national security. Using granular bilateral …

The US-China trade war created net export opportunities rather than simply shifting trade
across destinations. Many “bystander” countries grew their exports of taxed products into the …

This paper examines the reshaping of supply chains using detailed US 10-digit import data
between 2017 and 2022. The results show that while US-China decoupling in bilateral trade …

The frequent occurrence and diverse nature of black swan events in recent years, has
stimulated explosive growth in studies on different types of uncertainties. We propose the …

We review theoretical and empirical work on the economic effects of the United States and
China trade relations during the past 20 years. We first discuss the origins of the China …

The unexpected outbreak of the US-China trade war led to dramatic increases in the import
and export tariffs confronting Chinese firms, and ushered in an era of unprecedented trade …

This paper studies the impact of the US-China tariff war on China, using high-frequency
night lights data and grid-level measures of tariff exposure. Exploiting within-grid variation …

Firms and policy makers are increasingly looking at friend-shoring to make supply chains
less vulnerable to geopolitical tensions. We test whether these considerations are shaping …

What are the economic consequences of geopolitical fragmentation on trade? We answer
this question by using a canonical general equilibrium trade model to quantify the trade and …

The US global leadership in science and technology has greatly benefitted from immigrants
from other countries, most notably from China in the recent decades. However, feeling the …