Permanent Normal Trade Relations

US / The decline of manufacturing employment and trade with China

U.S. manufacturing employment fluctuated around 18 million workers between 1965 and 2000 before plunging 18 percent from March 2001 to March 2007. In this paper, the authors find a link between this sharp decline and the U.S. granting of Permanent Normal Trade Relations (PNTR) to China. Industries where the threat of tariff hikes declines the … Continue reading →