Professor Peter Schott Testifies to Commission on U.S.-China Trade

Peter Schott, professor of economics at Yale SOM, testified on February 21 to the U.S.-China Economic and Security Review Commission, a commission created by Congress in 2000 to evaluate the national security implications of the economic relationship between the United States and China.

Schott testified about his research showing that a change in trade policy toward China in 2001 resulted in a sharp drop in manufacturing employment in the United States. Specifically, Schott’s working paper, authored with Justin Pierce, an economist at the Board of Governors of the Federal Reserve, found that the loss of manufacturing jobs resulted from the U.S. decision to grant China “permanent normal trade relations” status and end uncertainty about the tariffs on Chinese goods.

Watch the hearing (Peter Schott’s testimony begins at 30:57).

Read Peter Schott’s written testimony.