Scott Lincicome on the China Shock, Trade Policy, and US Labor Markets

Scott Lincicome is a senior fellow in Economic Studies at Cato Institute where he writes on international and domestic economic issues, including international trade, industrial policy and manufacturing and global supply chains. Scott joins David on Macro Musings to discuss what we've learned so far about the so-called China shock and where we are today in the trade war. Specifically, David and Scott discuss the historical rise of Chinese exports, its impact on US labor markets, how certain policies make it harder for US workers to adjust, and whether the Trump administration marks a genuine regime shift in international trade.   Transcript for the episode can be found here.   Scott’s Twitter: @scottlincicome Scott’s Cato Institute profile: https://www.cato.org/people/scott-lincicome   Related Links:   *Testing the ‘China Shock’: Was Normalizing Trade with China a Mistake?”*by Scott Lincicome https://www.cato.org/publications/policy-analysis/testing-china-shock-was-normalizing-trade-china-mistake#:~:text=However%2C%20champions%20of%20the%20emerging,with%20China%20for%20particular%20scorn.&text=It%20finds%20that%20PNTR%20and,that%20PNTR%20critics%20now%20repeat.   *Clashing over Commerce* by Douglas Irwin https://press.uchicago.edu/ucp/books/book/chicago/C/bo24475328.html   *Audaciously Hopeful: How President Obama Can Help Restore the Pro‐​Trade Consensus* by Dan Ikenson and Scott Lincicome https://www.cato.org/publications/trade-policy-analysis/audaciously-hopeful-how-president-obama-can-help-restore-protrade-consensus   *The 'China Shock', Exports and U.S. Employment: A Global Input-Output Analysis* by Robert Feenstra and Akira Sasahara https://www.nber.org/papers/w24022   *Executive Incentives, Import Restrictions, and Competition* by Brian Blank https://www.mercatus.org/publications/trade-and-immigration/executive-incentives-import-restrictions-and-competition   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/