8 February 2026
China’s first trade shock hit the United States after it joined the WTO in 2001, hollowing out parts of American manufacturing.
Now a new wave of Chinese exports is reshaping global trade with Europe increasingly in the crosshairs. We travel to Bavaria in Germany to see firsthand how local auto manufacturers are facing headwinds from China, and get analysis from economists David Autor and Stephanie Flanders on whether the ‘second China shock’ will echo the past or unfold very differently.
