If you were to ask most ordinary American voters what has happened to their country’s manufacturers in recent years, they might howl with horror or mutter about “carnage”.
After all, Donald Trump swept to power alleging that Chinese competitors have “killed” American factories and jobs. Hence the simmering US-China trade war, and this week’s high-stake talks in Beijing.
But if you want a more accurate picture of what Chinese competition has done to US industry, it is worth looking at some material presented at last weekend’s American Economics Association’s convention in Atlanta.
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