Richard Baldwin says countries that struck new trade deals in 2025 still failed to raise their share of U.S. exports, despite a sharp drop in Chinese shipments. The finding underscores weak trade diversion, with Canada included in the U.S. export baseline.
published
Richard Baldwin says countries that struck new trade deals in 2025 still failed to raise their share of U.S. exports, despite a sharp drop in Chinese shipments. The finding underscores weak trade diversion, with Canada included in the U.S. export baseline.
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