The article critiques the misinterpretation of America's economic situation, emphasizing that despite claims of a national emergency and unfair trade practices by Trump, the U.S. continues to thrive in a global economic order. The narrative that the U.S. is being harmed by others is overturned; instead, American multinationals and economic policies have fostered growth worldwide, particularly in Asia. While some regions in the U.S. face economic hardships, overall prosperity continues, highlighting the need for better policy responses to national inequalities.
The richest and most dynamic economy in the world has profited hugely from a global growth-promoting economic order that it created.
Even so, the rest of the world has benefited, with Asia in particular bootstrapping itself from poverty over the past 50 years.
The American wealth generation machine has been so aggressive in pursuing its self-interest that when taken to the limits, its partners become de facto vassal states.
All has been wrecked by the economics of Trump, for whom the idea that trade is a win-win, promoting growth and opportunity, is inconceivable.
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