Yuqing Jiang

Energy Trade and Welfare Effects of the 2025 US–China Tariff Shocks: A Recursively Updated GTAP Analysis

The 2025 tariff escalation between the United States (US) and China generated uneven macroeconomic and energy-trade effects. Using a Global Trade Analysis Project (GTAP) model updated recursively to a common 2023 benchmark, we analyze five independent cumulative-tariff scenarios,...