Trump’s trade war is squeezing US profits – IMF paper

Retailers kept prices unchanged and exporters cut theirs, Gita Gopinath and co-authors find

Gita Gopinath
World Economic Forum

President Donald Trump‘s trade war has squeezed profit margins for US retailers and exporters, a paper published by the International Monetary Fund finds.

The fund’s chief economist Gita Gopinath and co-authors use micro data on prices to understand how economic agents respond to tariffs. They aim to “characterise the reaction of importers, retailers and exporters to US trade policy since 2018”.

They find that many US retailers have shouldered the increased cost of imported goods by not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.