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ISLAMABAD: Commerce Minister Jam Kamal has said that the government is focusing on tariff rationalization and its...
Gabriel Felbermayr, Marina Steininger, Erdal Yalcin China has emerged as a world trading power thanks to its deep economic reforms beginning in the 1980s, as well as its membership in the WTO since 2001. China’s share of global manufacturing exports surged from 2% to 16% between 1990 and 2011 (Acemoglu et al. 2016). Starting in 2018, the Trump administration introduced a series of tariffs on imports from China, triggering retaliation. The resulting US-China trade war stimulated several studies on the effects of the costs and benefits of protection (e.g. Amiti et al. 2019, Flaaen and Pierce...