
We may continue seeing this deflationary export glut come from China, and then at a point, and I don’t know if it’s because of tariffs, I don’t know if it’s because of some boycott on Chinese products that the rest of the world is just going to say no mas, that you can’t have 13% of the population and 30% of the exports. – Scott Bessent, 10/17/24, via Simplify Asset Management President Trump’s very fixated
President-elect Donald Trump’s former trade chief and those close to him are preparing to aggressively sell their plans for massive new tariffs on imports that will go far beyond anything seen in Trump’s first term. – Politico Magazine, 11/12/24 Hence the coming trade war. The rest of the world won’t passively accept Chinese surpluses on that scale. The “China shock” of the 2000s taught us that whatever the (real) virtues of free trade, a huge
America is an economic coiled spring. We should be growing at least 4% annually and ideally 6-8%+. Growth has been brutally suppressed since before I was born. But there is so much to build. And the payoff for all Americans will be incredible. – Marc Andreessen, 11/8/24, via X US economic growth has been ”brutally suppressed” by an economic model that subjugated the US middle and working classes (and by extension, US growth and the