22期编辑：黄林凡 审核：陆堇Topics ： International Trade & InvestmentThe Effect of the U.S.-China Trade War on U.S. InvestmentGlobalization for SaleTaking Stock of Trade Policy Uncertainty: Evidence from China’s Pre-WTO AccessionThe Geography of Unemployment1、 The Effect of the U.S.-China Trade War on U.S. InvestmentNBER SI Working Paper , 2020Mary Amiti, Federal Reserve Bank of New YorkSang Hoon Kong, Columbia UniversityDavid Weinstein，Columbia UniversityAbstractWe develop a new method of quantifying the impact of policy announcements on
investment rates that makes use of stock market data. By estimating the effect of U.S.-
China tariff announcements on aggregate returns and the differential returns of firms
exposed to China, we identify their effect on treated and untreated firms. We show
theoretically and empirically that estimates of policy-induced sto
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