"This research estimates that revoking PNTR would decrease U.S. gross domestic product (GDP) by $15.9 billion, decrease total exports by more than 17 percent, and increase consumer prices by 5.9 percent; in the event China retaliates in a reciprocal manner, U.S. GDP would fall by $24.8 billion, total exports would decrease by 44.3 percent, and consumer prices would rise by 5.2 percent."

  • Quote

Name

"This research estimates that revoking PNTR would decrease U.S. gross domestic product (GDP) by $15.9 billion, decrease total exports by more than 17 percent, and increase consumer prices by 5.9 percent; in the event China retaliates in a reciprocal manner, U.S. GDP would fall by $24.8 billion, total exports would decrease by 44.3 percent, and consumer prices would rise by 5.2 percent."

Types

Quote

Author

Tom Lee
Tori Smith

Source

The American Action Forum

Source URL

https://www.americanactionforum.org/research/estimating-the-impact-on-the-u-s-economy-of-revoking-permanent-normal-trade-relations-for-china/

Referenced by

Domestically produced goods might be more expensive than imported ones

US Politics

Claim

Revoking China's MFN status could intensify a trade war that would harm both the U.S. and Chinese economies

US Politics

Voting position claim
Claim