Trump Is Paving the Way for Another ‘China Shock’
The MIT economist David Autor helped fracture the old free-trade consensus. But he thinks that what’s replacing it is even worse.

Derek Thompson, Rogé Karma, Annie Lowrey, Jerusalem Demsas, and others explain today’s news and tomorrow’s trends in work, technology, and culture.
The MIT economist David Autor helped fracture the old free-trade consensus. But he thinks that what’s replacing it is even worse.
The United States could still prevail if it does everything right. The problem is that the Trump administration is doing everything wrong.
Nothing here has ended well. In fact, it hasn’t even ended.
Instead of leading to reduced trade barriers, the new global tariff plan is all but guaranteed to raise them.
QAnon for tariffs
How to be a billionaire and pay no taxes
The tariffs are real, and they are spectacularly foolish.
Unemployment is low, but workers aren’t quitting and businesses aren’t hiring. What’s going on?
Donald Trump does not appear eager to follow through on one of his biggest campaign promises.
Donald Trump might miss the bureaucrats when the next crisis hits.