Why economists got free trade with China so wrong

This is a bonus episode of the Planet Money podcast featuring an interview between Greg Rosalsky and MIT economist David Autor. The conversation revolves around Autor's research on the "China shock," which refers to the devastating impact of increased Chinese imports on American manufacturing jobs and communities after China's accession to the World Trade Organization in 2001. Autor discusses how the economic models used at the time failed to predict the scale and regional concentration of job losses, the slow and wrenching adjustment process for affected workers, and the rise of new but often "crappier" jobs taken by different demographic groups in the recovering local economies. They also delve into the potential role of tariffs as part of a strategic vision to create growing industries and address the economic challenges faced by those left behind.