They cannot coordinate a response to the U.S. because none of them is willing to adopt the structural reforms that would rebalance their economy so that their exports matched imports and so that their consumers could purchase as much as their workers produce. What would be the point of rebalancing their economies to fight the U.S. when the basic demand of the Trump administration was simply that they begin the rebalancing? Because in the end, the rest of the world understands what many economists still don’t: the U.S. economy is a keystone of the global trading system.
Author: John Carney, John Carney
Published at: 2025-08-05 21:40:50
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