“正午阳光——青年学者论坛”是金融学院定期举办的以院内师生参与为主的学术交流活动，为全院专家学者之间、师生之间、南开金融与国际国内学术界之间提供了难得的交流机会。本学期“正午阳光”论坛初心不改，扬帆远航再出发，致力于营造学院学校科研氛围，推动师生学术科研水平不断提升！

2024年春季学期 “正午阳光——青年学者论坛”第一期活动安排如下：

讲座题目：

The Trade War and Household Consumption 

主讲人：

田达，南开大学金融学院助理教授。博士毕业于佛罗里达大学Warrington商学院金融系。研究领域：公司金融、ESG、公司创新。

点评人：

王遐昕，复旦大学泛海国际金融学院经济学副教授，博士毕业于加州大学圣地亚哥分校。研究领域：税收经济学、公共财政。

讲座时间：

2024年3月7日（周四），12：00-13：30

讲座地点：

金融学院116教室

摘要：

We study the impact of the trade war between U.S. and China on U.S. households consumption. Our analysis reveals that households in counties subjected to a substantial surge in protective import tariffs on Chinese goods exhibit lower consumption levels compared to those in counties with marginal tariff increases. Quantities and prices are also lower suggesting that the lower level of consumption is more driven by contraction in demand rather than decrease in supply. The working-class demographic emerges as more adversely affected, prompting consumption adjustments in luxury goods instead of necessities. The lower consumption level is linked to diminished wages resulting from the trade war, particularly pronounced in counties where import costs of upstream industries faced larger rises. Our findings underscore the evolving nature of U.S.-China trade relations, emphasizing their complementary nature over competitiveness. Contrary to expectations, increased import tariffs do not necessarily benefit local firms, instead posing a risk of supply chain disruptions.