Why economists got free trade with China so wrong

2025-12-30 · 26 min · 7 entities

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→ appeared on Planet Money podcast

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Why economists got free trade with China so wrong
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discusses Business concept

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discusses News concept

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Feed category: News

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evidence rules-v4
Why economists got free trade with China so wrong

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evidence rules-v4
Why economists got free trade with China so wrong

Episode description as stored

With the year coming to a close, we're sharing our most popular Planet Money bonus episode of 2025! As U.S. trade with China exploded in the early 2000's, American manufacturing began to shrivel. Those workers struggled to adapt and find new jobs. It ran counter to how mainstream economics at the time viewed free trade ... that it would be a clear win for the U.S. Greg Rosalsky talks with David Autor about why economists got free trade with China so wrong. Autor, an MIT economics professor, and his colleagues published a series of eye-opening studies over the last 15 years or so that brought to light the costs of U.S. trade with China. We also hear Autor's thoughts on the role of tariffs and get an update on his research. With better, more precise data, Autor says we have a more nuanced and "bleaker" picture of what happened to these manufacturing workers. You can read about Autor's research and sign up for The Planet Money Newsletter here . To hear more bonus content like this and support NPR and public media, sign up for Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney . Regular episodes remain free to listen! See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy