Geoeconomics 2026

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26-5-16 What Trump's China Visit Actually Achieved - Patrick Boyle > .

Relying on the insights of economist Michael Pettis >, Patrick breaks down why trade surpluses and deficits are driven by domestic savings and investment choices, rather than trade policies or tariffs. From China’s systematic suppression of household consumption to the United States' structural trap as the global consumer of last resort, the underlying economic imbalances forcing this trade war cannot be fixed by podium announcements.