JPM's Kelly Sees Trade Deals Instead of Wars as U.S. Growth Slows

The video discusses the US economy's current momentum due to tax cuts, allowing for tough trade stances. However, as the economy slows, pressure will mount for trade deals. Visible risks like tariffs and hidden risks like debt are highlighted. The growing budget deficit and increasing debt are concerns, especially as interest rates normalize. The need for serious economic debate and proactive measures is emphasized to avoid future financial strain.

In what ways does the speaker suggest that debt could impact future economic conditions?

What are the implications of not addressing the growing budget deficit according to the speaker?