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Ryan Bridge: Why you should care about a U.S. delegation heading to China · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Here's why we should care about what sounds like a
• 0:03
  Speaker 1: bit of an obscure trip from some US officials to
• 0:06
  Speaker 1: Beijing this week. They are going to meet to talk
• 0:10
  Speaker 1: to their counterparts about a wave of Chinese goods flooding
• 0:14
  Speaker 1: world markets. So output. China obviously has enormous manufacturing capacity
• 0:20
  Speaker 1: and enormous machine behind it, and the output has gotten
• 0:23
  Speaker 1: too large for the world to absorb. The strategy by
• 0:27
  Speaker 1: China they reckon, and this is why the US officials
• 0:30
  Speaker 1: are going there. The strategy is demand at home is
• 0:33
  Speaker 1: a bit weaker for them, so they pump up production
• 0:36
  Speaker 1: and they ship the excess offshore. The idea is they
• 0:40
  Speaker 1: would build more resilient supply chains throughout the world. They'll
• 0:43
  Speaker 1: get us hooked on cheap goods. I mean, think we're
• 0:46
  Speaker 1: like crack addicts at a dollar store, aren't we think
• 0:48
  Speaker 1: about EV's the huge subsidies that go on there. You know,
• 0:52
  Speaker 1: your temuchine, those types of websites, and they are squeezing
• 0:58
  Speaker 1: in the process, squeezing other manufacturers around the world, including
• 1:00
  Speaker 1: the United States, which is why the United States is
• 1:02
  Speaker 1: setting a delegation to go and say stop that please.
• 1:05
  Speaker 1: It's also why you're seeing a response, a tariff response
• 1:09
  Speaker 1: from Europe, from the US, even some friendly Asian states,
• 1:14
  Speaker 1: even places like Indonesia, are starting to put tariffs on China.
• 1:20
  Speaker 1: The goal seems to be from them subsidize these manufacturers,
• 1:25
  Speaker 1: flood the market around the world, build supply lines, resilient
• 1:30
  Speaker 1: supply lines, hook us in on these cheap goods, and
• 1:34
  Speaker 1: in the process, destroy the competition. For more from News
• 1:38
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