JPM’s Frenkel: Fragmentation Is Greatest Danger to Economic Growth

The video discusses the economic tensions between the US and China, highlighting the global impact of their skirmish on investment, production, and economic expectations. It analyzes the Phase One trade agreement and its implications, emphasizing the need for political will to achieve further progress. The discussion also covers concerns about global economic stability, the role of Europe, and the risks to US exports. The importance of viewing trade through a multilateral lens rather than a bilateral one is stressed, as well as the need for stable relations between the world's largest economies for sustainable recovery.

In what ways could Europe be affected by the US-China trade tensions?

What does the speaker suggest about the relationship between bilateral trade and the overall supply chain?