Talkin’ (Policy) Shop: End Permanent Normal Trade Relations with China
On this episode of Talkin’ (Policy) Shop, Oren and Chris discuss China’s “permanent normal trade relations” (PNTR) status and the case for revoking it. Granting PNTR to China as part of its ascension to the WTO was supposed to grant American firms and workers comparable benefits in the Chinese market. But the experts were wrong. The “China Shock” cost millions of American jobs, reduced domestic investment and innovative capacity, strained many communities’ social fabric, and contributed to a...