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History 5: 250 years of trade history in three chapters

Planet Money Summer School

CHAPTER

The Evolution of Global Trade Dynamics

This chapter examines the transformation of global trade, focusing on the shift from the General Agreement on Tariffs to the World Trade Organization. It highlights the effects of China's entry into the WTO and the subsequent impact on manufacturing in the United States, including job losses and social consequences. The discussion also addresses the changing political landscape around tariffs, emphasizing the need for constructive dialogue to support affected communities.

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