This podcast episode delves into the complex and evolving trade relationship between the United States and China. It explores the origins of this relationship, highlighting the interdependence and interconnectedness of their trade dynamics. The episode emphasizes the experimental nature of China's reforms in the 1970s and the role of small-scale importers in shaping the trajectory of US-China trade relations. It discusses the interplay between diplomacy and economics, the shift in the US approach to trade with China, and the impact of legislative changes and corporate decisions on the rise of outsourced manufacturing. The episode challenges misconceptions and outdated rhetoric surrounding China's role in trade and encourages a shift in perspective towards understanding the complexities of modern trade dynamics.
