I been following global economics at a distance since 2006, and I didn't understand the USA framework with Most Favored Nation trading status. I am honored that as an American we setup the free trade system that we are now dismantling. I do think USA made mistakes letting China and Russia. USA was too optimistic if we let them in they will change, and it cost us the USA middle class.
Well the pendulum is swinging hard when America was great again circa the late 1920's.
A really good video to explain what the world must deal with now, and how utter paralyzing it is to global trade. After watching this I can't see how a Great Depression 2 can't happen. I encourage you to watch and help me understand why my POV is misguided. Thanks in advance!
I am adding Long term as this is a political change not seen since the 1940's, and will have long term material change for USA finances and the world.
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