Yale's Roach Sees U.S. in Danger of Repeating Past Tariff Mistakes

The transcript discusses historical economic decisions, particularly the Smoot-Hawley Tariffs, and their impact on the Great Depression. It draws parallels to current US-China relations, highlighting bipartisan support for a tough stance on China. The Chinese long-term strategic thinking is contrasted with the US's short-term focus. The Trump administration's trade negotiations are critiqued for their optimistic pronouncements. The discussion concludes with insights into cultural misunderstandings and shifts in economic models between the US and China.

What does the text suggest about the future relationship between the US and China?

How do the Chinese view their economic strategy in relation to the US?

What are the key changes China is making to its economic model according to the text?