Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2022
reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US … export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … declined in the most exposed industries because of the export destruction effect. On aggregate, the US and China both gain from …