The Roots of Trump’s Global Trade War with Martin Wolf
Trumponomics
00:00
Global Trade Imbalances and Their Impact
This chapter examines the historical and economic repercussions of global trade imbalances, particularly those involving surplus countries like Germany and China. It discusses how these imbalances can spark protectionist policies and lead to economic instability, with a focus on the implications of recent U.S. trade policies under Donald Trump. The analysis highlights the need for adjustments in savings and consumption patterns to foster mutual benefits and greater economic stability globally.
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