Knowledge Tree
Relations (1)
cross_type 2.81 — strongly supporting 6 facts
The 'China shock' refers to the sharp increase in Chinese imports to the U.S. [1], which caused significant manufacturing job losses and economic hardship within the United States [2]. This impact was notably more severe in the U.S. compared to other nations like Germany {fact:4, fact:5, fact:6}, and it influenced the country's subsequent trade and industrial policy shifts [3].
Facts (6)
Sources
Strategic Rivalry between United States and China swp-berlin.org 3 facts
claimThe impact of the 'China shock' on manufacturing was felt more strongly in the United States than in Germany.
claimThe economic impact of the "China shock" was felt more strongly in the United States than in Germany.
measurementThe impact of the 'China shock' on manufacturing was felt more strongly in the United States than in Germany.
History of tariffs in the United States - Wikipedia en.wikipedia.org 1 fact
claimEconomist Douglas Irwin characterized the 'China shock'—the sharp increase in Chinese imports to the United States—as an exceptional and largely one-off event driven by a large-scale shift of labor from agriculture to industry in China combined with a growing working-age population.
Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org 1 fact
claimThe "China shock" resulted in a steep decline in manufacturing sector jobs, factory closures, and economic hardship in many industrial regions of the United States.
The EU's Open Strategic Autonomy and the challenge of ... globalpolicyjournal.com 1 fact
claimThe 'China shock' (Autor et al. 2013), the 2016 Brexit vote, and the policy shifts of the United States during Donald Trump's first presidential term pressured the European Union to redefine its trade and industrial policies.