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Swiss goods exports and the Sino-US trade war: Conflicting transmission mechanisms

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  • Simon J. Evenett

Abstract

This paper identifies various channels through which the Sino-US trade war and the January 2020 truce affect Swiss goods exports. As a third party to this bilateral trade war, Switzerland's goods exports were not targeted directly. Nevertheless, Swiss goods exports were implicated and evidence is presented that scales different transmission mechanisms. Given that leading central banks eased monetary policy partly on account of the macroeconomic consequences of the Sino- US trade war, a new dimension to the trade and monetary nexus has arisen. The consequences of this for the conduct of Swiss monetary policy are discussed.

Suggested Citation

  • Simon J. Evenett, 2019. "Swiss goods exports and the Sino-US trade war: Conflicting transmission mechanisms," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 70(01), pages 91-110, December.
    • Handle: RePEc:usg:auswrt:2019:70:01:91-110
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    File URL: http://ux-tauri.unisg.ch/RePEc/usg/auswrt/AW_70-01__05_Evenett.pdf
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    References listed on IDEAS

    as
    1. Eichengreen, Barry & Irwin, Douglas A., 2010. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," The Journal of Economic History, Cambridge University Press, vol. 70(4), pages 871-897, December.
    2. Grossman, Gene M & Helpman, Elhanan, 1995. "Trade Wars and Trade Talks," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 675-708, August.
    3. Simon J Evenett, 2019. "Protectionism, state discrimination, and international business since the onset of the Global Financial Crisis," Journal of International Business Policy, Palgrave Macmillan, vol. 2(1), pages 9-36, March.
    4. Alessandro Nicita & Marcelo Olarreaga & Peri Silva & Jean-Marc Solleder, 2019. "Swiss market access in a global trade war," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 70(01), pages 39-60, December.
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    More about this item

    Keywords

    trade war; trade diversion; protectionism; tariffs; China; United States;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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