Maurice Obstfeld, a seasoned economist with two decades of research on global trade imbalances, dives deep into the intricacies of U.S. trade deficits. He questions popular narratives surrounding trade and job losses, particularly linked to China. The discussion highlights the real causes of these deficits amid the retreat from globalization, exploring the impact of technology on manufacturing. Obstfeld also critiques the proposed tariff solutions during the Trump administration, emphasizing their potential inflationary effects and broader economic consequences.

Goldman Sachs' Chief Economist, Former chief economists of the ECB and IMF discuss Central bank divergence, implications for economies and markets, contrasting policies in G10 economies, economic recovery paths post-pandemic, historical rate hike patterns, currency volatility predictions amidst global monetary policy variations