How the iPhone widens the US trade deficit with China: The case of the iPhone X
- Paper
- Nov 11, 2019
- #Intangibleasset #China #Trade
In order to pursue ‘fair trade’, the Trump administration has imposed a punitive 25% tariff on $250 billion’s worth of Chinese goods. However, conventional trade statistics greatly...
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Laurent Ferrara @FerraraLaurent
·
Nov 15, 2019
Very clear post to understand why the US trade deficit with China is overestimated, using the Iphone X example. As a 25% rise in tariffs cannot be compensated by reasonable yuan depreciation, MNEs are likely to shift part of value chains out of China @voxeu @BaldwinRE