Even as the U.S. begins decoupling from our Asian rival, the threat of a second “China shock”—one where the country’s economy dominates key resources and minerals—is rapidly emerging.
Brad Setser, senior fellow at the Council on Foreign Relations, joins Oren to dig into how China’s new wave of industrial overcapacity, currency manipulation, and continued cheap exports could ravage America’s economy a second time. They explore how this will impact the global economy, and how the Trump administration could respond with smart industrial policy.
Further reading:
- “The Case that China is Now Actively Resisting Pressure on the Yuan to Appreciate” by Brad Setser
- "We Warned About the First China Shock. The Next One Will Be Worse" by David Autor and Gordon Hanson
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