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How is COVID-19 affecting US trade?
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How is COVID-19 affecting US trade?

David Dollar and Anna Newby
Brookings Institution, 2020
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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Overview

Recommendation

The COVID-19 recession has upended global trade, and its impacts across and within economic sectors are asymmetric. Some industries are faring better than others: US imports of pharmaceuticals have increased, while exports of services such as hospitality and tourism have been decimated. The Brookings Institution’s David Dollar and Anna Newby discuss the trade data’s implications for the US economy in this illuminating episode of the Dollars and Sense podcast.

Take-Aways

  • The coronavirus pandemic is affecting American imports and exports in different ways.
  • The COVID-19 recession tells an interesting story about trade relations.
  • Examining the complexities of value chains helps to sort out the debate on reshoring.

About the Authors

The Dollars and Sense podcast series, hosted by Brookings Institution senior fellow David Dollar, looks at global trade issues. Anna Newby is communications director and managing editor of foreign policy at Brookings.

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