Publication:
Is US Trade Policy Reshaping Global Supply Chains ?

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dc.contributor.authorFreund, Caroline
dc.contributor.authorMulabdic, Alen
dc.contributor.authorRuta, Michele
dc.date.accessioned2023-11-01T16:43:13Z
dc.date.available2023-11-01T16:43:13Z
dc.date.issued2023-11-01
dc.description.abstractThis paper examines the reshaping of supply chains using detailed US 10-digit import data (tariff-line level) between 2017 and 2022. The results show that while US-China decoupling in bilateral trade is real, supply chains remain intertwined with China. Over the period, China’s share of US imports fell from 22 to 16 percent. The paper shows that the decline is due to US tariffs. US imports from China are being replaced with imports from large developing countries with revealed comparative advantage in a product. Countries replacing China tend to be deeply integrated into China’s supply chains and are experiencing faster import growth from China, especially in strategic industries. Put differently, to displace China on the export side, countries must embrace China’s supply chains. Within products, the reorientation of trade is consistent with a “China + 1” strategy, as opposed to diversified sourcing across multiple countries. There is some evidence of nearshoring, but it is exclusive to border nations, and there is no consistent evidence of reshoring. Despite the significant reshaping, China remained the top supplier of imported goods to the US in 2022.en
dc.identifierhttp://documents.worldbank.org/curated/en/099812010312311610/IDU0938e50fe0608704ef70b7d005cda58b5af0d
dc.identifier.doi10.1596/1813-9450-10593
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40558
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10593
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGLOBAL VALUE CHAINS
dc.subjectTARIFFS
dc.subjectDIVERSIFICATION
dc.subjectRESHORING
dc.subject10-DIGIT US IMPORT DATA
dc.subjectBILATERAL TRADE DECOUPLING
dc.subjectCHINA SUPPLY CHAINS
dc.titleIs US Trade Policy Reshaping Global Supply Chains ?en
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleIs US Trade Policy Reshaping Global Supply Chains ?
okr.date.disclosure2023-10-31
okr.date.lastmodified2023-10-31T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099812010312311610/IDU0938e50fe0608704ef70b7d005cda58b5af0d
okr.guid099812010312311610
okr.identifier.docmidIDU-938e50fe-6087-4ef7-b7d0-5cda58b5af0d
okr.identifier.doi10.1596/1813-9450-10593
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10593
okr.identifier.externaldocumentum34188936
okr.identifier.internaldocumentum34188936
okr.identifier.reportWPS10593
okr.import.id2205
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099812010312311610/pdf/IDU0938e50fe0608704ef70b7d005cda58b5af0d.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.region.countryUnited States
okr.topicPrivate Sector Development::Global Value Chains and Business Clustering
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Multilateral Issues
okr.unitEAP Chief Economist Unit (EAPCE)
okr.unitProspects Group (DECPG)
relation.isAuthorOfPublication65ba4a02-ba22-5c96-8e04-6b9356d619e0
relation.isAuthorOfPublication.latestForDiscovery65ba4a02-ba22-5c96-8e04-6b9356d619e0
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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