China's WTO Accession & U.S. Goods Trade
China joined the World Trade Organization in December 2001. The years that followed saw a pronounced deterioration in the U.S. merchandise trade balance — the trade-side counterpart of the "China shock" in U.S. manufacturing.[1]
- U.S. Bureau of Economic Analysis (2025). International Transactions Accounts (BPM6). BEA. link.