EPISODE · Apr 29, 2025 · 27 MIN
Tariffs, Trust, and the Twilight of Norms: U.S.–China Relations in the Trump Era
from The Pie: An Economics Podcast · host Becker Friedman Institute at UChicago
What happens when trust in longstanding economic norms starts to break down? In this episode, economist Chang-Tai Hsieh explores the geopolitical and economic consequences of the Trump administration’s foreign policy, particularly its approach to China. From China’s post-COVID recovery stumbles to a global flood of low-cost EVs, Hsieh unpacks the domestic roots of China’s malaise, the surprisingly muted bite of Trump-era tariffs, and why Canada, not China, may be the unexpected target of economic aggression.
What this episode covers
What happens when trust in longstanding economic norms starts to break down? In this episode, economist Chang-Tai Hsieh explores the geopolitical and economic consequences of the Trump administration’s foreign policy, particularly its approach to China. From China’s post-COVID recovery stumbles to a global flood of low-cost EVs, Hsieh unpacks the domestic roots of China’s malaise, the surprisingly muted bite of Trump-era tariffs, and why Canada, not China, may be the unexpected target of economic aggression.
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Tariffs, Trust, and the Twilight of Norms: U.S.–China Relations in the Trump Era
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