The US state-level wood product-based bilateral trade balances with Canada under the protectionist US trade policy, COVID-19, and economic policy uncertainty

Gocer, Ismet and Ongan, Serdar and Karamelikli, Huseyin (2023) The US state-level wood product-based bilateral trade balances with Canada under the protectionist US trade policy, COVID-19, and economic policy uncertainty. The International Trade Journal, 37 (5). pp. 544-568. ISSN 1521-0545 (https://doi.org/10.1080/08853908.2023.2226883)

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Abstract

The US-Canada wood product trade is a longstanding dispute due to protectionist high-tariff policies, further exacerbated by COVID-19 restrictions on US production and exports. This study investigates the J-curve effect at the US state level, revealing that only 11 US states support the asymmetric J-curve for wood products, whereas 10 US states support the asymmetric inverse J-curve (shown in Appendix 2 online). Furthermore, high tariffs imposed by the US improved trade balances for only three states, implying that the high-tariff policy did not enhance the US wood-based trade balance with Canada.

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