Accessible Version
The Effect of US-China Tariff Hikes Differences in Demand Composition Matter, Accessible Data
Figure 1. Investment and Consumption Sectoral Shares in Tradable Sectors
| Sector | a. United States | b. China | ||||
|---|---|---|---|---|---|---|
| Investment Share | Consumption Share | Bilateral Trade Share | Investment Share | Consumption Share | Bilateral Trade Share | |
| Agriculture | 0.000276064 | 0.004897293 | 0.0034 | 0.010276365 | 0.058553126 | 0.0104 |
| Mining | 0.051245824 | 0.000558106 | 0.0005 | 0.00104029 | 0.000994674 | 0.0013 |
| Food | 0.000596331 | 0.037765514 | 0.0053 | 0.000164795 | 0.11965127 | 0.003 |
| Textile | 0.000320579 | 0.002354964 | 0.2748 | 0.0002129 | 0.072389066 | 0.001 |
| Wood | 0.001518344 | 0.000271364 | 0.0463 | 0.00037431 | 0.001481567 | 0.0038 |
| Paper | 0.001991726 | 0.002502573 | 0.0204 | 0.000137725 | 0.000999225 | 0.0144 |
| Petroleum | 0.000560477 | 0.019584363 | 0.0008 | 4.11E-05 | 0.006577918 | 0.0023 |
| Chemicals | 0.00737719 | 0.017748419 | 0.0183 | 0.001211745 | 0.012727086 | 0.0097 |
| Plastic | 0.003302143 | 0.001951117 | 0.073 | 0.000284862 | 0.003453702 | 0.0055 |
| Minerals | 0.000789662 | 0.000693802 | 0.0577 | 0.000359053 | 0.002346752 | 0.0014 |
| Basic metals | 8.46E-05 | 0.000157967 | 0.0129 | 0.001882181 | 0.001584874 | 0.003 |
| Metal products | 0.007227245 | 0.001412277 | 0.0461 | 0.011755677 | 0.003938973 | 0.0023 |
| Machinery nec | 0.061132591 | 0.001620012 | 0.0962 | 0.095575288 | 0.003499928 | 0.0095 |
| Office | 0.012580422 | 0.001346875 | 0.3859 | 0.015352572 | 0.011462584 | 0.0032 |
| Electrical | 0.003122591 | 0.00202144 | 0.1878 | 0.033663403 | 0.020375704 | 0.0038 |
| Communication | 0.012580422 | 0.001346875 | 0.3397 | 0.015352572 | 0.011462584 | 0.0307 |
| Medical | 0.012580422 | 0.001346875 | 0.079 | 0.015352572 | 0.011462584 | 0.0199 |
| Auto | 0.058368988 | 0.011647708 | 0.0171 | 0.083488502 | 0.018626453 | 0.0092 |
| Other transport | 0.043579709 | 0.002030484 | 0.0594 | 0.036297191 | 0.008231653 | 0.0432 |
| Other | 0.019631065 | 0.007013388 | 0.1171 | 0.003319973 | 0.01326646 | 0.0076 |
Figure 2: Bilateral Tariff Increases across Sectors
Percentage points
| Sector | USA import tariff increase on Chinese goods | Chinese import tariff increase on U.S. goods |
|---|---|---|
| Agriculture | 17.092978 | 27.261407 |
| Mining | 24.798502 | 19.92542 |
| Food | 23.631716 | 23.53218 |
| Textile | 10.47689 | 16.629482 |
| Wood | 16.864765 | 22.3586427 |
| Paper | 16.5258164 | 6.495386 |
| Petroleum | 22.75162 | 25.063028 |
| Chemicals | 18.248524 | 11.597188 |
| Plastic | 16.90194 | 14.904031 |
| Minerals | 17.64394 | 12.59134 |
| Basic metals | 23.41222 | 19.239469 |
| Metal products | 18.515781 | 14.9071 |
| Machinery nec | 19.214537 | 11.169709 |
| Office | 11.2233989 | 18.710791 |
| Electrical | 23.670593 | 19.20243 |
| Communication | 11.3999611 | 5.4850071 |
| Medical | 19.349163 | 10.36578 |
| Auto | 24.310678 | 22.98877 |
| Other transport | 4.4545418 | 0.196763 |
| Other | 14.983643 | 13.6822 |
Figure 3: Effects of Tariff Hikes on GDP
Percent change
| Country | GDP |
|---|---|
| Argentina | 0.090638699 |
| Australia | 0.025623041 |
| Austria | 0.03900906 |
| Brazil | 0.118071213 |
| Canada | 0.00704855 |
| Chile | 0.167743028 |
| China | -0.706159416 |
| Germany | 0.062156287 |
| Denmark | 0.01127835 |
| Spain | 0.029052206 |
| Finland | 0.032872631 |
| France | 0.019897918 |
| United Kingdom | 0.016158137 |
| Greece | -0.031584475 |
| Hungary | 0.418276535 |
| Indonesia | 0.219721627 |
| India | 0.120387607 |
| Ireland | 0.013499894 |
| Italy | 0.043501644 |
| Japan | 0.180829592 |
| South Korea | 0.40690734 |
| Mexico | 0.716552215 |
| Netherlands | 0.061012281 |
| Norway | 0.011089724 |
| New Zealand | 0.037252905 |
| Portugal | 0.014756763 |
| Rest of World | 0.173306888 |
| Sweden | 0.031385888 |
| Turkey | 0.488237793 |
| United States | -1.320951515 |
| World | -0.34891676 |
| South Africa | 0.182947754 |
Figure 4: Effects of Tariff Hikes on Relative Price of Final Investment
Log change
| Country | Relative Price of Investment |
|---|---|
| Argentina | -5.99289E-05 |
| Australia | -0.000254684 |
| Austria | -0.000365844 |
| Brazil | -0.000319433 |
| Canada | -0.00024481 |
| Chile | -0.000654147 |
| China | 0.000477445 |
| Germany | -0.000838337 |
| Denmark | -0.000315415 |
| Spain | -0.000205898 |
| Finland | -0.000564763 |
| France | -0.000357085 |
| United Kingdom | -0.000156536 |
| Greece | -5.55106E-05 |
| Hungary | -0.00179646 |
| Indonesia | -0.00065993 |
| India | -0.000524248 |
| Ireland | -0.000479941 |
| Italy | -0.000295944 |
| Japan | -0.000842337 |
| South Korea | -0.002641247 |
| Mexico | -0.003382642 |
| Netherlands | -0.0004579 |
| Norway | -0.000191936 |
| New Zealand | -0.000195061 |
| Portugal | -0.000208316 |
| Rest of World | -0.000754983 |
| Sweden | -0.000260578 |
| Turkey | -0.000780194 |
| United States | 0.008700956 |
| World | 0.001811697 |
| South Africa | -0.000232187 |
Last Update:
March 04, 2021