1. Background: From Post-Election Optimism to Policy Shock The November 2024 U.S. presidential election triggered a strong equity rally, a stronger dollar, and rising bond yields as investors anticipated tax reform, deregulation, and pro-growth economic policy.Despite campaign warnings of potential tariffs, the markets initially discounted a...
1. Historical & Macroeconomic Context Persistent trade deficits are the norm, not the exception: U.S. moved from small surpluses in the early-1970s to a record–$971 B deficit in 2022 (≈3.8 % of GDP). Net exports have been a drag on growth for five decades, rather than being the engine of growth. ...
A Strategic Review of China’s Trade Conduct (2000–2025) 1. U.S.-China Trade: Massive Growth with Structural Imbalance Bilateral trade grew from $116B (2000) to ~$583B (2018); dipped post-2019 but remains large U.S. imports vastly outpaced exports: goods trade deficit hit $418B peak (2018) China accounts for up...
