US Trade Rep Katherine Tai Describes the New Era of Globalization
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 9 September 2024
⏱️ 60 minutes
🧾️ Download transcript
Summary
One of the rare areas of bipartisan consensus in the US right now, is on the need to change our trading relationship with China. Former President Donald Trump started a process of putting tariffs on Chinese goods and limiting the export of certain key technologies. This has only expanded under the Biden administration, with expanded restrictions on things like electric vehicles, solar panels, and semiconductors. So what's the thinking behind this drive? What are the goals and what are the risks? On this episode we speak with the United States Trade Representative Katherine Tai. Ambassador Tai describes what she sees as a rethink, or a new version of, globalization. She explains the new worker-centric priorities, how trade fits into domestic investments, and what a healthy version of international economic relations actually looks like.
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| 1:25.0 | Tracy Allaway. |
| 1:27.0 | Tracy, one of the things that we've noted from time to time on the show is, you know, when it comes to trade with China specifically |
| 1:35.2 | trade in general but I would say trade with China specifically one of the |
| 1:39.2 | rare areas where there seems to be a bipartisan consensus that maybe the way we did it in the |
| 1:45.0 | 90s 2000s probably most of the 2010s was not desirable was costly in certain ways |
| 1:51.1 | and that the whole thing needs a rethink. |
| 1:53.0 | It is kind of amazing that that's the thing that people have landed on as an area of agreement. |
| 1:58.3 | I think in retrospect it would have been kind of unexpected, but you're absolutely right. |
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