Episode description

What has been the impact on trade and the trade deficit since the U.S. implemented tariffs on steel, aluminum, and goods made in China?

Topics covered include:

• Has the shipping backlog been reduced at U.S. ports
• What are the dangers of running too high of a trade deficit
• How large is the U.S. trade deficit
• What has been the impact of U.S. tariffs on trade, domestic production, and prices
• How Chinese direct-to-consumer retail companies Shein and Temu are driving prices of goods ever lower
• Why consumers should demand greater visibility on how products they purchase are made

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Show Notes

The ‘ship backup has ended’ at Los Angeles, Long Beach ports by Alejandra Salgado—Supply Chain Dive

America’s Trade Deficit Surged in 2022, Nearing $1 Trillion by Ana Swanson—The New York Times

Industry study tracks China tariffs’ added costs to importers and consumers by Ben Unglesbee—Supply Chain Dive

Costs of Trade Wars: The Distributional Consequences of US Section 301 Tariffs Against China by Kara M. Reynolds—SSRN

Certain Effects of Section 232 and 301 Tariffs Reduced Imports and Increased Prices and Production in Many U.S. Industries by USITC—United States International Trade Commission

Economic Impact of Section 232 and 301 Tariffs on U.S. Industries by USITC—United States International Trade Commission

The other Chinese apps taking the US and UK by storm by Chelsea Bailey—BBC

Secretive Shein Founders Build $40 Billion Fortune in Rapid Fashion by Venus Feng and Pei Yi Mak—Bloomberg

Shein sets ambitious revenue target ahead of IPO by Rachel Douglass—Fashion United

Shein copycats chase its explosive growth by Eleanor Olcott, Qianer Liu, and Gloria Li—The Financial Times

Temu’s Big Haul by Ella Apostoaie—The Wire China

The High Price of Fast Fashion by Dana Thomas—The Wall Street Journal

Stealing More than Just Designs: Utilizing Environmental Law as a Remedy to Design Piracy by Fast Fashion Brands by Spencer Kluth—SSRN

Shein’s Cotton Tied to Chinese Region Accused of Forced Labor by Sheridan Prasso—Bloomberg

Worn: A People's History of Clothing by Sofi Thanhauser—Penguin Random House

More than ever, our clothes are made of plastic. Just washing them can pollute the oceans. by Brian Resnick—Vox

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212: Trade Wars Increase Prices and Poverty

413: What if the World Stopped Shopping?

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