---
res:
  bibo_abstract:
  - This study analyzes the impact of tariff imposition announcements on the stock
    prices of 1,194 U.S. companies during the first Trump administration, using a
    unique sample of 4,624 announcements made by or against the U.S. between January
    2018 and August 2019. We find that tariff announcements lead to negative (cumulative)
    average abnormal stock returns. These negative wealth effects occur regardless
    of whether the Trump administration imposes safeguard tariffs to protect domestic
    industries or foreign countries announce retaliatory tariffs. Moreover, the adverse
    impact is primarily driven by announcements involving China, with variations linked
    to sector-specific, tariff, trade, and firm characteristics.@eng
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Sascha Tobias
      foaf_name: Wengerek, Sascha Tobias
      foaf_surname: Wengerek
      foaf_workInfoHomepage: http://www.librecat.org/personId=48837
    orcid: 0000-0002-7820-3903
  - foaf_Person:
      foaf_givenName: André
      foaf_name: Uhde, André
      foaf_surname: Uhde
      foaf_workInfoHomepage: http://www.librecat.org/personId=36049
  - foaf_Person:
      foaf_givenName: Benjamin
      foaf_name: Hippert, Benjamin
      foaf_surname: Hippert
      foaf_workInfoHomepage: http://www.librecat.org/personId=48476
  bibo_doi: 10.1016/j.frl.2025.107381
  bibo_volume: 80
  dct_date: 2025^xs_gYear
  dct_isPartOf:
  - http://id.crossref.org/issn/1544-6123
  dct_language: eng
  dct_publisher: Elsevier BV@
  dct_subject:
  - Geopolitical risk
  - Protectionism
  - Strategic trade policy
  - Tariffs
  - Trade conflict
  - U.S. – China trade war
  dct_title: Share price reactions to tariff imposition announcements during the first
    Trump administration@
...