This is longtime Cato Daily podcast host, Caleb Brown. After thousands of episodes over nearly 18 years,

I've moved on from the Cater Daily podcast, but in the interim, I, along with some of you,

have selected some favorites. I hope they resonate with our current moment and continue to spark

the desire to defend liberty. Thank you for listening.

This is the Cato Daily podcast for Friday, February 15th, 2019. I'm Caleb Brown. Many critics of free trade

mark the moment the U.S. gave China permanent normal trade relations status as the moment when

China's relative rise truly began.

Scott Linscombe is a trade attorney and adjunct scholar at the Cato Institute.

We discussed China's rise and how the U.S. has failed to adjust.

If you watch the anger surrounding the fact that China seems to be getting the better of the United States, or at least that's how it's

presented to the public, given the fact that even our own trade people, yourself included,

would say, yeah, it's true.

There are substantial problems with the way that the U.S. and China engage on the trade

front. So to the extent that that is true.S. and China engage in on the trade front. So to the extent that that is true,

and the broader China's getting the better of us is at very least way overstated, you know,

draw that line. Yeah. So there is a huge difference between rightfully, I think, criticizing Chinese trade and economic behavior. And I think that there is a lot of academic support for the idea that Chinese imports in particularly after, between about 2000 to 2010, caused a pretty significant disruption for certain

manufacturing industries and communities in the United States, what they call the China shock.

That's all, I think, something that I or other trade advocates would completely acknowledge.

The difference, though, is first, drawing conclusions with respect to whether that means that we are winning or losing at trade.

Really, if you look at, again, those same analyses I just mentioned, they actually still show that the United States as a whole benefits from Chinese imports and from global competition

and from the rest of that stuff, even considering those disruptions I mentioned, that

the U.S. economy benefits from the type of economic dynamism that's injected when you have

...