2025-04-21
32 分钟China's accession to the World Trade Organization at the start of the 21st century
changed the lives of millions of Western workers.
Manufacturing jobs became less lucrative or disappeared altogether,
contributing to the decline of communities across the United States and further afield.
Now, almost 25 years after the China shock first hit,
China's impact on US Manufacturing jobs is once again in the headlines.
President Trump says his eye watering tariffs on Chinese imports will bring work back to the United States.
Are Trump's aggressive trade measures revenge for the China shock?
Will they work?
Or is the US President focusing on the wrong threat?
This is the Economic Show.
I'm Martin Wolff, the FT's chief economics commentator.
I'm joined today by David Ottor, a professor of economics at mit.
David has written extensively on how the China shock has changed the US Economy.
He's also an authority on AI and job automation and how those trends may change the labor market.
David, welcome to the show.
Thank you so much.
A pleasure to speak with you.
So let's start just
because it's so current right now with the China shock and what it's now doing to American politics.