Thrilled to see our paper forthcoming @jeeanews.bsky.social! We show how incumbent firms shape international trade (🧵linked below). Some implications: The timing of trade liberalization matters, and the planned surge in US tariffs can have long-lasting effects, even if tariffs are temporary. 1/5

Forthcoming article by Peter Egger, Reto Foellmi @ulrich-schetter.bsky.social @torundavid.bsky.social; @ethzurich.bsky.social "Gravity with History: on Incumbency Effects in International Trade" @eeanews.bsky.social doi.org/10.1093/jeea...