Geoeconomic Principles - Oἰκονόμος >> .
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.
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