US-China trade war did not bring American firms home, research finds


The trade war between the United States and China failed to prompt American businesses to leave the Chinese market, with costs from tariffs instead passed along to consumers, new research found.

In a paper published on the preprint platform SSRN this month, researchers Samantha Vortherms and Jiakun Jack Zhang argued that US tariffs on billions of dollars’ worth of Chinese products – launched in mid-2018 to bring US companies home – hurt the US economy and did not successfully pressure China to change its economic policies.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

New Zealand lead by 143 as spin rules in seesaw third India Test in Mumbai
Motor racing-Norris wins Sao Paulo sprint to cut Verstappen's F1 lead
US restaurant chain TGI Fridays files for bankruptcy
Asean News Headlines at 10pm on Saturday (Nov 2, 2024)
'For sake of women and children' Singapore continues to call for ceasefire in Gaza and release of all hostages, says foreign minister
Thai finance minister says plans debt relief measures, seeks to ease mortgage rules to help people
Indonesia considers importing one million tonnes of rice from India and ensure enough supply until harvest season
Philippine police nabs alleged crime group leader after shootout with cops
Vietnam's aquatic exports expected to rise in year-end despite many challenges
Myanmar, Thailand and Laos launch joint action plan to tackle transboundary haze

Others Also Read