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Luke Vargas

đŸ‘€ Speaker
4142 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

We've talked here before about the flood of Chinese products around the world this year that has helped to power a $1 trillion goods surplus for the country.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

But just how those goods are reaching the far corners of the globe, and especially Europe, makes for quite an unexpected story, as the journal's Chelsea Delaney is here to share.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Chelsea, we've got a bunch of fun details to get into here as we paint this picture of what you've called a shadow logistic network.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

But first, what led you to report on this?

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

I'm guessing there's kind of a, I don't know, a trade data instinct that led you to think there's a story to tell.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

And then the airline industry usually moves pretty slowly, or at least I thought it did until I heard about some of the carriers that have kind of popped up very quickly to cater to this demand.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Yeah, I was going to say people know DHL, they know FedEx, they know UPS.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Get familiar with My Freighter and One Air, upstarts that are doing a huge amount of volume.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

So much of this logistics network growth is fascinating, but it's going to have listeners looking around their own neighborhoods and thinking, is this happening here too?

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

I'm glad you mentioned de minimis earlier because part of the U.S.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

effort to slow down the flood of Chinese products has been precisely to go after tariff loopholes that allow low-value packages to come into the U.S.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

without paying duties.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

That's what sent a lot of this stuff to Europe in the first place.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Surely Europe must be thinking along those lines as well?

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Journal reporter Chelsea Delaney, we've left a link to her reporting in our show notes.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Check it out.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

The photos are great.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Thank you, as always, for stopping by.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

And that's it for What's News for this Thursday morning.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Today's show was produced by Hattie Moyer.