Like most experts on trade, Schott argues against new tariffs or other restrictions. The opening with China was far more consequential for the U.S. labor market than previous trade deals, including the North American Free Trade Agreement. Other economists have estimated that Chinese imports put between 2 million and 2.4 million Americans out of work. The researchers also considered how trade with China affected deaths from chronic liver failure due to alcohol. American consumers broadly were able to spend less on inexpensive Chinese imports.

Source: Washington Post November 23, 2016 12:58 UTC