China's export shock is pushing the global economy to a breaking point, and the U.S. may have to clean up the mess, former trade official says

(Credit: Evan Vucci-Pool/Getty Images)

While President Donald Trump’s tariffs have caused much heartburn on Wall Street, China’s cheap and overwhelming exports have also been rippling through the global economy.

But the Chinese growth model is running out of road, setting the stage for another global economic crisis, according to Michael Froman, a former U.S. Trade Representative and current president of the Council on Foreign Relations.