||February 6, 2020
||The US-China Trade Relationship: War or Peace?
||Gene Grossman, Jacob Viner Professor of International Economics in the Department of Economics and the Woodrow Wilson School of Public and International Affairs at Princeton University
Hardly a day passes without news of the U.S.-China trade war. We trade economists long for the day when trade was arcane and boring. My lecture will cover the origins of the trade war, the issues at the heart of the disagreement, and the prospects for and obstacles to future cooperation between the world's two largest economies. I will discuss the impacts of the so-called "China Shock" on the U.S. economy over the last two decades and will review the nature and consequences of the salvos launched by the Trump administration and the retaliation they have elicited. I will also discuss proposals for a better way forward.
Professor Grossman received his B.A. from Yale University and his Ph.D. in Economics from the Massachusetts Institute of Technology, and joined the Princeton faculty immediately thereafter in 1980. He has served as Director of Princeton’s International Economics Section since 1999 and completed his second term as Chair of Princeton's economics department in 2014. Professor Grossman has received numerous professional honors and awards. He has written extensively on international trade and is well known for his work on the relationship between trade and growth. Another branch of Professor Grossman's research focuses on the political forces that shape modern trade policy.