Rising Import Tariffs, Falling Export Growth: When Modern Supply Chains Meet Old-Style Protectionism

The Census Bureau's Disclosure Review Board and Disclosure Avoidance Officers have reviewed this data product for unauthorized disclosure of confidential information and have approved the disclosure avoidance practices applied to this release (DRB Approval Numbers: CBDRB- FY19-519, CBDRB-FY20-104, CBDRB-FY20-CES006-004, CBDRB-FY20-CES006-005). We thank Chad Bown, Teresa Fort, Colin Hottman, Soumaya Keynes, CJ Krizan, Frank Li, and seminar and conference participants at the Federal Reserve Board, University of Michigan, Mid-Atlantic International Trade Workshop, U.S. Census Bureau, Stanford University, University of Virginia, Georgetown University, George Washington University, IDB, Rowan University, and FREIT ETOS for helpful comments and discussions. Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the U.S. Census Bureau, other members of the research staff at the Board of Governors, the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research.

• January 2, 2020