Plain English with Derek Thompson Why America Will Lose Its Trade War With China
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Apr 16, 2025 
In this conversation, Jason Miller, a Michigan State professor specializing in global supply chains, discusses the evolving trade war dynamics between the U.S. and China. He reveals how deeply intertwined both economies are, especially in electronics and essential goods. The challenges of re-industrialization in America and the uncertainties surrounding tariffs are explored. Miller emphasizes that while tariffs are intended to protect American interests, they often harm the very industries they aim to support, highlighting the complex nature of global trade.
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Re-industrialization
- Re-industrialization involves investing in the industrial economy of the future, not just reviving the past.
- The US needs to focus on industries that will make it rich in the future like in the 2050s, not in the 1950s.
Shift in US Economy
- The US transitioned from a hardware-focused industrial giant to a software-driven finance and tech superpower.
- This shift led to a decline in US manufacturing jobs and a rise in China as the factory of the world.
US Reliance on China
- The US relies heavily on China for many consumer goods, especially in categories related to parenting and household appliances.
- China's dominance in these markets makes it difficult for the US to find alternative suppliers quickly.