The Investment Cost of the U.S.-China Trade War — Mary Amiti, Sang Hoon Kong, and David E. Weinstein

In sum, we find that the U.S.-China trade war lowered the market capitalization of U.S. listed firms by $1.7 trillion and will lower their investment growth rate by 1.9 percentage points by the end of 2020.

FRB — Liberty Street Economics
The Investment Cost of the U.S.-China Trade War

Mary Amiti, vice president in the Federal Reserve Bank of New York’s Research and Statistics Group; Sang Hoon Kong, economics Ph.D. student at Columbia University; and David E. Weinstein Carl S. Shoup Professor of the Japanese Economy at Columbia University