The President’s Inbox

A Second China Shock, With Brad Setser

Apr 30, 2024

Brad Setser, CFR fellow, discusses China's export surge's impact with James M. Lindsay. They explore US job losses, China's industrial policies, Xi's economic philosophy, global trade dynamics, and policy coordination challenges among major players.

35:50

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Episode guests

Brad Setser

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Episode notes

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Quick takeaways

The surge in Chinese exports post WTO entry caused lasting job losses in US manufacturing.

China's strategic investments in manufacturing have led to a global trade response.

Deep dives

Historical Examples of Significant Political Events

Throughout history, there have been notable incidents like Huey Long's holiday invention in 1933 to prevent a bank collapse, JFK's narrow escape from a bomb attack in 1960, and the uproar over President Obama wearing a tan suit in 2014. These forgotten stories provide insights into our current political climate.

Measuring China's Exports

00:42

Challenges in Coordinating US and European Policy on Chinese Exports

00:49

Introduction

2min

The Second China Shock: Causes and Consequences

11min

China's Economic Challenges and Xi's Philosophy on Social Benefits

2min

Navigating China's Economic Impact and Global Trade Dynamics

14min

Navigating Policy Coordination and Trade Challenges Among Major Players

4min

Challenges and Solutions in Coordinating Trade Policies

4min

Brad Setser, the Whitney Shepardson senior fellow at CFR, sits down with James M. Lindsay to discuss the causes and consequences of China's export surge.

Mentioned on the Episode

David H. Autor, David Dorn, and Gordon H. Hanson, "The China Syndrome: Local Labor Market Effects of Import Competition in the United States," American Economic Review

Volkmar Baur, Brad W. Setser, and Michael Weilandt, "China's Record Manufacturing Surplus," CFR.org

James M. Lindsay, "Election 2024: The United States Is Facing a Second China Shock," CFR.org

Zongyuan Zoe Liu, "Beijing Needs to Junk Its Economic Playbook,” Foreign Policy

Brad W. Setser, "China Needs More Progressive Taxes and More Spending on Public Health," CFR.org

For an episode transcript and show notes, visit The President’s Inbox at: https://www.cfr.org/podcasts/second-china-shock-brad-setser

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The President’s Inbox

A Second China Shock, With Brad Setser

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Historical Examples of Significant Political Events

The First China Shock and Its Impact on US Manufacturing

The Second China Shock: Recent Surge in Chinese Exports

Global Reactions to the Surge in Chinese Exports

Measuring China's Exports

Challenges in Coordinating US and European Policy on Chinese Exports

Remember Everything You Learn from Podcasts