Dean Baker on China Trade Policy

CounterSpin

https://media.blubrry.com/counterspin/content.blubrry.com/counterspin/CounterSpin250110.mp3

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New York Times (12/17/24)

This week on CounterSpin: New York Times columnist Thomas Friedman’s December 17 piece, headlined “How Elon Musk and Taylor Swift Can Resolve US-China Relations,” contained some choice Friedmanisms, like: “More Americans might get a better feel for what is going on there if they simply went and ordered room service at their hotel.” (Later followed quaintly by: “A lot of Chinese have grown out of touch with how China is perceived in the world.”)

But the big idea is that China has taken a “great leap forward in high-tech manufacturing” because of Donald Trump, who a source says “woke them up to the fact that they needed an all-hands-on-deck effort.” And if the US doesn’t respond to China’s “Sputnik” moment the way we did to the Soviet Union, “we will be toast.”

The response has to do with using tariffs on China to “buy time to lift up more Elon Musks” (described as a “homegrown” manufacturer), and for China to “let in more Taylor Swifts”—i.e., chances for its youth to spend money on entertainment made abroad. Secretary of State Tony Blinken evidently “show[ed] China the way forward” last April, when he bought a Swift record on his way to the airport.

OK, it’s Thomas Friedman, but how different is it from US media coverage of China and trade policy generally? We’ll talk about China trade policy with Dean Baker, co-founder and senior economist at the Center for Economic and Policy Research.

https://media.blubrry.com/counterspin/content.blubrry.com/counterspin/CounterSpin250110Baker.mp3

Plus Janine Jackson takes a quick look back at press coverage of Luigi Mangione.

https://media.blubrry.com/counterspin/content.blubrry.com/counterspin/CounterSpin250110Banter.mp3