How a Second Trump Administration Could Upend US-China Relations
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 12 February 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
Back in 2016, Donald Trump campaigned on a platform that included a much harsher stance toward trade with China, and the US-China Trade War was a big deal while he was in office. But the Biden administration has quietly continued the Trump tariff regime and even enacted more stringent restrictions targeting China's use of technology, including on semiconductors. Now that Trump looks set to get the Republican presidential nomination again, he's suggesting even higher tariffs — of 60% or more — on Chinese goods. What effect would that actually have on the US economy and global trade? Would it lead to higher prices for Americans when the country is still struggling with inflation? Or would it result in a slowing of the economy that actually mutes prices? Would US domestic manufacturing ramp up to fill the gap? Or would we simply import more from other countries? In this episode, we speak with Tom Orlik, chief economist at Bloomberg Economics, and Mackenzie Hawkins, US industrial policy reporter for Bloomberg News, who have published an in-depth analysis of the impact of these potential tariffs.
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| 0:39.9 | Podcast page on YouTube to join us today. Hello and I'm Tracy Allaway. Tracy here's something that I've thought about that's been interesting for a few years. |
| 0:55.0 | Hello and welcome to another episode of the Odd Lots podcast. |
| 0:58.0 | I'm Joe Weisenthall. |
| 1:00.0 | And I'm Tracy Allaway. |
| 1:01.0 | Tracy, here's something that I've thought about that's been interesting for a few years. |
| 1:05.6 | The Trump administration obviously sort of took this hawkish line on China, introduced |
| 1:12.0 | this tariffs on a lot of Chinese exports to the US and then when |
| 1:16.9 | the Biden administration took over it kind of seems like we basically got |
| 1:21.4 | continuity on that front there There was no rollback. |
| 1:24.0 | Yeah. Maybe some of the screws have been tightened even further. |
| 1:27.2 | I think that's exactly right and it's kind of funny as you mentioned that it's flown |
| 1:30.8 | a little bit under the radar and I'm thinking back to Trump's statement |
| 1:35.4 | trade wars are good and easy to win and I mean you got a lot of flack for that probably |
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