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Odd Lots

How a Second Trump Administration Could Upend US-China Relations

Feb 12, 2024
Tom Orlik, chief economist at Bloomberg Economics, and Mackenzie Hawkins, a reporter specializing in US-China trade policy, dive into the ramifications of a potential second Trump administration. They discuss Trump's proposal for hefty tariffs on Chinese goods and how this could affect US inflation and manufacturing. The conversation also touches on the shift in US trade strategies, focusing on national security and clean energy competition, and explores the risks and benefits for American workers in a rapidly changing global landscape.
39:48

Podcast summary created with Snipd AI

Quick takeaways

  • The Trump and Biden administrations have maintained a consensus on constraining Chinese exports through tariffs, indicating the importance of addressing trade issues with China.
  • China's industrial prowess in key sectors like EVs, legacy automakers, and semiconductors poses a challenge to the US, leading to concerns over how to effectively respond to China's targeted industrial policies and potential dominance in these industries.

Deep dives

The Impact of Tariffs on US-China Trade

The podcast discusses the impact of tariffs on US-China trade. It highlights how the Trump administration's tariffs on Chinese exports were continued by the Biden administration, indicating a consensus on constraining Chinese exports. The podcast examines the effectiveness of tariffs in curbing Chinese sales to the US and the potential consequences of increased tariffs. It also explores the complexities of trade relationships, including manufacturing in Mexico and potential leakage of Chinese goods through other countries.

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