Tan Ying | A Comparative Study on the Import Behaviors and Price Effects of Chinese and American Ent
On the afternoon of December 4th, the 10th Annual Meeting of the China Council for the Promotion of International Trade (CTRG), hosted by the CTRG, organized by the Center for International Finance and Economics Research (CIFER) of the National Institute of Financial Research at Tsinghua University, and strongly supported by the School of Business of Shanghai University of Finance and Economics and the Shanghai Institute of International Finance and Economics, was successfully held. Tan Ying, a doctoral student at the School of Statistics, Beijing Normal University, attended and shared her insights with collaborator Li Xin, a researcher at the Center for International Finance and Economics Research (CIFER) of the National Institute of Financial Research at Tsinghua University and a professor at the School of Statistics, Beijing Normal University, on a topic titled...《A Comparative Study of Import Behavior and Price Effects of Chinese and American Enterprises under the Impact of TariffsThe article.
Tan Ying is a doctoral candidate at the School of Statistics, Beijing Normal University. Her main research areas are national economic accounting, international trade, and development economics. Her research findings have been published in journals such as *Statistical Research*, *Finance and Economics Research*, and *Nankai Economic Research*.China & World EconomyPublished in academic journals, etc.
Tan Ying
In her presentation, Tan Ying mentioned that the outbreak of the US-China trade war undoubtedly provided a quasi-natural experiment for comparing the different impacts of tariff shocks on the two countries. Tan Ying and her collaborators' article, combining product lists of tariffs imposed by both sides in the US-China trade war, customs import and export data at the product level, and tariff data, used event analysis and the difference-in-differences model to focus on comparing and analyzing the impact of tariffs on importing companies in both countries and their price effects.
The results show that: First, at the level of the entire product sample, after the imposition of tariffs by China and the US, both the import value and the quantity of imported products in both countries decreased significantly. The import prices faced by importing companies in both countries did not change significantly, but the prices including tax increased significantly. Therefore, the losses caused by the tariff increase were mainly transferred to importing companies within each country, while exporting companies in the other country did not bear the losses. Second, further subdividing different product categories and using a triple difference model regression reveals that the US has strong market power in intermediate goods trade, thus causing Chinese intermediate goods importing companies to bear the losses caused by the US-China tariff increase. However, in final consumer goods trade, both China and the US possess certain market power, meaning that the losses caused by the tariff increase were borne by final goods exporting companies in the other country. Finally, from the perspective of exporting companies, we verified the robustness of the conclusions by examining the impact of tariffs on the export prices of products in both countries.
Li Yao
Li Yao, Associate Professor, Department of Economics, Business School, Hong Kong University of Science and TechnologyThe article's research on the impact of tariff conflicts in the US-China trade war on corporate import behavior is considered detailed and comprehensive, and a brief summary was provided. Professor Li Yao then offered the following suggestions regarding the article's content: 1. The empirical strategy of this article focuses on the impact of whether tariffs are imposed, but the impact of the amount of tariffs imposed given the imposition of tariffs is not reflected. Specific tariff data could be considered, using a log change in tariffs combined with event analysis and DID models for examination; 2. Since tariffs targeted in a trade war are not completely random and have endogeneity, this article does not need to specifically emphasize the randomness of tariff imposition; 3. Has the negative list for additional tariffs been considered? 4. Should the trade diversion effect and long-run effect be considered? Existing articles focus on short-term effects over six months, and the timeliness of the conclusions should be interpreted cautiously; 5. Converting descriptive analysis at the industry level to national economic sectors incurs losses; the HS2 product chapter could be considered directly.
CTRG attendees and scholars