A Counterfeit Cloud over U.S.-China Trade w/ Joel Thayer

The Dynamist

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It’s an understatement that U.S.-China relations have been tense in recent years. Policymakers and industry leaders have elevated concerns around China’s trade practices, including currency manipulation, intellectual property theft, and allegations that China is directing or enabling fentanyl to flood into the U.S.

Trade and public health are increasingly linked, as COVID revealed the vulnerability of medical supply chains when U.S. overreliance on China led to delays and shortages of masks and personal protective equipment. Another issue that’s getting more attention from lawmakers and parents is the prevalence of Chinese-made, counterfeit electronic cigarettes or “vapes” throughout the U.S. Politicians from Senator Ashley Moody (R-FL) to President Trump himself have raised the alarm.

At the same time, American manufacturers have bemoaned the slow and stringent regulatory process they have faced at the FDA, which they say has enabled China to flood the market with cheap, sketchy alternatives. With a new FDA administrator set to take the helm, key questions remain. How did we end up in this situation, and what are the lessons not just for public health, but for other areas where the U.S. is looking to tighten up its trade policy. Is it possible for the U.S. to maintain the ideal of a relatively free market without adversaries exploiting that freedom?

Evan is joined by Joel Thayer, President of the Digital Progress Institute. You can read his op-ed on illicit vapes, the Bloomberg report we discuss in the episode, as well as Aiden Buzzetti’s op-ed in CommonPlace.

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