【Macro Seminar】Non-Tariff Barriers in the U.S.-China Trade War

  • 研討會日期 : 2024-01-02
  • 時間 : 14:30
  • 主講人 : Professor Chang-Tai Hsieh
  • 地點 : Conference Room B110 or online
  • 演講者簡介 : Professor Chang-Tai Hsieh received his PhD from the University of California, Berkeley in 1998. He is currently the Phyllis and Irwin Winkelreid Distinguished Service Professor at the University of Chicago. His research interests are Economic development, growth in Asia and Latin America, and applied economics.
  • 演講摘要 : We use Chinese customs data to show that unofficial non-tariff barriers were responsible for 50\%of the overall reduction in Chinese imports from the U.S. during the height of the U.S.-China trade war in 2018 and 2019. We infer non-tariff barriers from the change in imports of U.S. products relative to imports from other countries of the same HS-6 product, after controlling for the change in the relative price of U.S. imports to the same product sold by other countries. These barriers were imposed on a small number of agricultural products, did not apply to state-owned importers, and were larger for products where the share of state importers in total imports of the U.S. product was large. Non-tariff barriers were responsible for more than 90\% of the welfare cost to Chinese consumers of the U.S.-China trade war. The welfare loss to China of a given reduction in imports from the U.S. from non-tariff barriers is about six times larger than an equivalent import decline due to higher tariffs. Non-tariff barriers are more costly compared to tariffs because they applied to some importers and not others, which results in misallocation, and because non-tariff barriers do not generate revenues.