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

Michael Stumo, the CEO of the Coalition for a Prosperous America, is predicting U.S. markets could soon see a massive influx of cheap products produced by Chinese firms in an event similar to the “China Shock” era of the early 2000s. “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 focused on domestic production and jobs that has emphasized “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....