b. Projected percentage point change from baseline forecast in US inflation rate with and without retaliation by China, 2024–40

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PNTR = Permanent Normal Trade Status
Notes: For more detailed information, please visit our dashboard: https://camadashboards.shinyapps.io/USACHNTrade/
Source: Megan Hogan, Warwick McKibbin, and Marcus Noland’s Policy Brief, Economic implications of revoking China's permanent normal trade relations (PNTR) status.