China Is Unleashing a New Export Shock on the World

“Two decades ago, China shocked the United States with its ability to make and ship things fast and inexpensively on a scale never before seen. The resulting surge of exports reshaped America’s economy and its politics,” the New York Times reports.

“Today, a new China shock is cascading across the globe from Indonesia to Germany to Brazil.”

“As President Trump’s tariffs start to shut China out of the United States, its biggest market, Chinese factories are sending their toys, cars and shoes to other countries at a pace that is reshaping economies and geopolitics.”