‘China Shock 2.0’ Is Coming for the US Economy, Trade Analyst Predicts

In an event comparable to the” China Shock” time of the first 2000s, Michael Stumo, the CEO of the Coalition for a Successful America, predicts that U.S. businesses will soon experience a significant flow of cheap goods produced by Chinese companies.
” We had China shock 1.0 after China was let into the] World Trade Organization ] in 2000. This is China Shock 2.0″, Mr. Stumo explained during an interview with NTD’s” Capitol Report” on Thursday.
The Coalition for a Prosperous America is a non-profit organization that emphasizes “quality employment, national security, and domestic self-sufficiency over cheap consumption.” As the organization’s CEO, Mr. Stumo is watchful for trade trends that impact U. S. workers and firms, and he’s warning surging Chinese imports pose a challenge for the United States….

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