Why the World Can’t Quit Its Addiction to Chinese Goods
Most countries are struggling to break away from the “world’s factory floor.” Stephanomics travels to Los Angeles and New Delhi to find out why.
Subscribe to Stephanomics on Apple Podcasts
Subscribe to Stephanomics on Spotify
Joe Biden, like so many other presidents before him, put America’s re-industrialization at the center of his campaign for the White House. And like his predecessors, he’s found that the “Made in America” label remains hard to find. Indeed, more countries are trying to cut their reliance on imports from China, the global giant of manufacturing, citing everything from geopolitical tensions to human rights abuses and supply-chain snarls. But the reality is they still can’t seem to break away from the “world’s factory floor.” And when they try, it doesn’t work out well.