An underrated aspect of the "China Shock" is that the Bush administration tried to protect steel jobs in a way that raised the price of metal for American manufacturers of things made out of metal, thus undermining their competitiveness.
https://www.cesifo.org/en/publications/2022/working-paper/local-labor-market-effects-2002-bush-steel-tariffs#:~:text=The%20tariffs%20did%20not%20boost,after%20Bush%20removed%20the%20tariffs.
https://www.cesifo.org/en/publications/2022/working-paper/local-labor-market-effects-2002-bush-steel-tariffs#:~:text=The%20tariffs%20did%20not%20boost,after%20Bush%20removed%20the%20tariffs.
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