What Trump's China Visit Actually Achieved.
About this episode
The episode discusses the outcomes of Trump's summit with Xi Jinping and the underlying economic factors driving trade imbalances.
As Donald Trump and Xi Jinping wrap up their summit in Beijing with little more to show for it than a few awkward handshakes, the media is left wondering where the big breakthrough went. But as we explore in this video, the failure of the "beans and Boeings" summit wasn’t a political failure—it was a certainty. Relying on the insights of economist Michael Pettis, we break 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. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC…
People in this episode
Host: Patrick Boyle
Topics covered
- trade policies
- China
- United States
- economic imbalances
- savings and investment
- trade war
Keywords
- Trump
- China
- trade surplus
- economic policy
- Michael Pettis
- savings
- investment
- trade war
Mentioned in this episode
Organizations: United States, China
Products: Statistics For The Trading Floor, Derivatives For The Trading Floor, Corporate Finance
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