Simon Dawson/Bloomberg via Getty Images In 2000, the U.S. Congress granted Permanent Normal Trade Relations to China, and China joined the World Trade Organization. Over the next seven years, Chinese imports to the United States more than doubled, with notable increases in electronics, textiles, machinery, and furniture. During that period, manufacturing employment in the United States dropped sharply, and research has linked those job losses to increased imports from China.
But the job losses in manufacturing don’t tell the whole story. Ripple effects on other sectors—some of them positive—have received less attention.
While trade is generally thought to bring benefits, “those […]