AAM report outlines the impact of Chinese dumping on American economy

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America's Work Force Union Podcast AWF Alliance for American Manufacturing (AAM)

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Guest Name:

Scott Paul

Guest Website:

Alliance for American Manufacturing

Guest Social Media:

Facebook

Twitter

YouTube

Supportive Documents:

Scott Paul, President of the Alliance for American Manufacturing, joined the America’s Work Force Union Podcast to discuss their recent report, SHOCKWAVES: The Ripple Effect of China’s Industrial Overcapacity on American Manufacturing and Factory Workers. Paul explained how the report is focused on raising awareness about the impact of excess goods and other bad trade practices from Chinese manufacturing companies.

The AAM released a report earlier this week outlining the potential impact of Chinese manufacturing and trade practices on the American economy. Paul talked about what he describes as “China Shock 2.0.” He discussed where the term comes from and how Chinese manufacturing companies previously harmed the American economy during the financial crisis in 2008.

In the report, the AAM focused on sounding the alarm bell of a similar trend that led to the 2008 financial crisis. Paul explained how American industries like glass, paper and tires were decimated by China’s overproduction of goods in the early 2000s. The overproduction of goods led to the dumping of Chinese goods into the American market, which negatively impacted the economy. Paul said the same trend is occurring today, and now the steel, solar and automotive industries are under threat.

According to Paul, America needs a more robust trade policy to properly address the dumping of Chinese goods in the American economy. A comprehensive trade policy would help the American manufacturing industry make a comeback and bring back good-paying union jobs. Paul discussed the need for trade enforcement tools and why trade allies are crucial to mitigating Chinese dumping. Finally, he discussed how a strong American market is key to the success of the global economy.

For more information on the report from AAM, please listen to the show above.

America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.

America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, Alliance for American Manufacturing, Anthem Blue Cross Blue Shield, Brotherhood of Maintenance of Way Employes-IBT, Boyd Watterson, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, Mechanical Insulators Labor Management Cooperative Trust, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, Melwood, The Labor Citizen newspaper, Laborers International Union of North America, The National Labor Office of Blue Cross and Blue Shield, North Coast Area Labor Federation, Ohio Federation of Teachers, United Labor Agency, United Steelworkers.

AAM report outlines the impact of Chinese dumping on American economy

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