The hidden supply chain costs of the AI boom | Decoder

My guest today is Willy Shih, an economist, a professor of management practice at Harvard Business School, and the author of the upcoming book, Where Does My Stuff Come From? The Powerful Economics Behind Global Supply Chains. Willy’s new book is all about the economics underlying global trade, which our politicians and regulators seem to insistently ignore. So we got into Trump’s tariffs, why the markets have reacted to supply chain disruptions the way they have, and why China remains a global manufacturing powerhouse even though every other country thinks that’s so risky. #tariffs #trump #china #apple #iphone 0:00 Cold open 1:28 Meet Willy Shih 4:11 Is globalization ending? 6:01 Getting around tariffs 8:57 Why cheap goods won 14:47 Trading blocs 18:04 Can US manufacturing return? 20:32 The iPhone 23:47 China's manufacturing edge 31:02 Tariff whiplash 33:33 Auto industry & protectionism 39:53 How resilient is the system? 43:10 What comes next 45:07 Wrap-up Follow Decoder on TikTok: @decoderpod Follow Decoder on Instagram: @decoderpod Subscribe: http://goo.gl/G5RXGs Like The Verge on Facebook: https://goo.gl/2P1aGc Follow on Twitter: https://goo.gl/XTWX61 Follow on Instagram: https://goo.gl/7ZeLvX Follow on TikTok: http://bit.ly/42VeCVU Watch The Vergecast on YouTube: https://bit.ly/40RFRkg The Vergecast Podcast: https://bit.ly/3WQDexZ Decoder with Nilay Patel: http://apple.co/3v29nDc More about our podcasts: https://www.theverge.com/podcasts Read More: http://www.theverge.com Community guidelines: http://bit.ly/2D0hlAv Wallpapers from The Verge: https://bit.ly/2xQXYJr Shop our Verge merch store here: https://bit.ly/4kPCmEc If you buy something from a Verge link, Vox Media may receive a commission without exerting any influence on editorial conten