The current global trading system has led to a competition that exploits workers and the planet. It is essential to break this addiction and move towards a sustainable international economy. Building the economy from the bottom up and from the middle out is crucial for success. By changing the focus of the trade conversation to building middle classes together and raising standards over time, a newer, better version of globalization can be achieved.
President Biden recently raised Trump-era tariffs, which could lead to even higher prices on Chinese imports. US Trade Representative Katherine Tai explains the Biden administration’s approach to trade with China, and Vox’s Dylan Matthews helps make sense of the changes.
This episode was produced by Miles Bryan with help from Victoria Chamberlin, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Noel King.
Transcript at vox.com/today-explained-podcast
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