In the past two decades, China's manufacturing exports have grown spectacularly, U.S. imports from China have surged …, but U.S. exports to China have increased only modestly. Using representative, longitudinal data on individual earnings by …

. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting …

market data. By estimating the effect of U.S.-China tariff announcements on aggregate returns and the differential returns of … firms exposed to China, we identify their effect on treated and untreated firms. We show theoretically and empirically that …