- Having closed the door for assessing the performance of the January 2020 'Phase 1' trade deal between the U.S. and China, we've refocused our ongoing trade analysis to focus on the trade recovery from 2020's coronavirus pandemic.
- For our purposes, we opted to model a counterfactual after the recovery in trade between the U.S. and China that followed the so-called "Great Recession".
- Going by the trailing twelve-month average of the combined value of goods exchanged between the U.S. and China, the recovery in trade between the two countries began after this measure bottomed in September 2020.
For further details see:
U.S.-China Trade Growth Recovery Underperforming 'Great Recession'