Pins matching tag:"China Shock"

Public Law 106-286 ended the annual congressional fight over China's trade status and cleared the last American obstacle to its entry into the WTO. It is the single act that opened the United States market to Chinese manufacturing on permanent terms.

China became the WTO's 143rd member on 11 December 2001, fifteen years after applying. Its export share of world trade roughly quadrupled over the next two decades, and the bargain struck in Doha is still what the tariff argument is about.