trade

Similarly, the positive shock to Chinese exports to Vietnam also decline swiftly, rebound, then decline once again prior to dissipating just after a year. Both relations and Vietnamese exports to China decline and stay under their initial levels for the two-year period. An innovation to Chinese exports to Japan uniformly leads to persistently decrease levels of bilateral trade as effectively as relations, even though the long-run effect on Chinese exports to Japan is only slightly lower than is the initial level. As Chairman of the Senate Finance Committee, which has principal jurisdiction over trade policy, Senator Grassley has an integral...