The data from the US revealed that the Consumer Price Index declined by 0.1% on a monthly basis in December. The Core CPI, which strips volatile energy and food
(Archived document, may contain errors) No. 50 August 29,, 1986 THE U.S. AND THE PACIFIC RIM: A STATISTICAL HANDBOOK INTRODUCTION Ronald Reagan calls the 21st century the Pacific Era.' A great many Americans agree. They point to the remarkable economic progress posted by most of the region's countries, which range from the U.S. and Canada in North America to Japan, South Korea, Australia, the Republic of China on Taiwan, and a score of others in Asia.
Gabriel Felbermayr, Marina Steininger, Erdal Yalcin
China has emerged as a world trading power thanks to its deep economic reforms beginning in the 1980s, as well as its membership in the WTO since 2001. China’s share of global manufacturing exports surged from 2% to 16% between 1990 and 2011 (Acemoglu et al. 2016). Starting in 2018, the Trump administration introduced a series of tariffs on imports from China, triggering retaliation. The resulting US-China trade war stimulated several studies on the effects of the costs and benefits of protection (e.g. Amiti et al. 2019, Flaaen and Pierce 2019, Fajgelbaum et al. 2020, Flaaen et al. 2020).
However, the US had targeted China with special tariffs for decades and long before Donald Trump took office in 2017. The main trade policy instrument was antidumping (AD). Over 1988-2016, the average US AD duty against China more than tripled, from 45% to 148% (Figure 1). Under President Trump, it was further increased to 166%.