Hannah Miao

Hannah Miao, a Wall Street Journal reporter specializing in the coffee industry, dives into the rivalry between Luckin Coffee and Starbucks. She unpacks how Luckin, recovering from a significant accounting scandal, is now thriving in China with its tech-driven approach. Miao discusses Luckin's expansion into the U.S. market, contrasting its rapid growth with Starbucks' struggles to adapt to mobile ordering chaos. The conversation highlights the innovative strategies each brand uses to win over customers in a fiercely competitive landscape.

In this discussion, Hannah Miao, a WSJ reporter focusing on the tariffs' impact on China, shares insights on the U.S.-China trade war. She reveals how 20% tariffs are reshaping the Chinese manufacturing landscape, forcing companies to rethink production strategies. Miao highlights a shift from China to countries like Vietnam and discusses the broader economic implications, including weak consumer demand and overcapacity in manufacturing. The conversation underscores the complexities that businesses face under these new trade conditions.