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LSE Business Review:

Trade with China benefited US consumers

International trade is widely viewed as creating winners and losers in an economy. Influential work has documented that US labour markets were heavily disrupted by the surge of imports following China’s joining the World...Read more...

CEP discussion paper

What are the price effects of trade? Evidence from the US and implications for quantitative trade models

This paper finds that U.S. consumer prices fell substantially due to increased trade with China. With comprehensive price micro-data and two complementary identification strategies, we estimate that a 1pp increase in imp...Read more...