Evaluating US - China Trade Dynamics: Elasticities and New Key Players under Protectionist Policies

This study explores the price elasticity of U. S. imports from China in the context of recent protectionist policies. By analyzing trade data from 2023, the research examines the effects of tariff increases on import quantities across various industries. The findings reveal that U. S. imports from China exhibit inelastic demand, influenced by exchange rate fluctuations and domestic competition. Additionally, the paper identifies potential substitute countries for U. S. imports and discusses implications for international trade dynamics. The study's significance highlights the broader implications of U. S. trade policies on international trade dynamics and identifies potential shifts in global supply chains.