
Episode #25
The Global Order, With Benn Steil (Episode 25)
Benn Steil, director of international economics at the Council on Foreign Relations, joins John Ellis to examine why the postwar global economic order is under growing strain, and how China sits at the center of that story. Steil traces the evolution from Bretton Woods and GATT to the WTO, arguing that China’s integration into the global trading system created enormous benefits while also exposing deep tensions between different economic models. The conversation covers the first “China shock,” tariffs, cheap Chinese steel, and the difficulty of economically disentangling the United States and China. Steil also explains why the dollar remains dominant, how stablecoins could actually reinforce that dominance, and why Chinese subsidies in EVs and artificial intelligence present a new competitive challenge. Finally, Ellis and Steil discuss what it really means to “win” the AI race—and whether U.S. trade and economic policy has a coherent strategy for getting there. News-Items.com Hosted by John Ellis Produced by Dale Eisinger

