US Needs a New Trade Policy: Peterson Institute's Posen

The video discusses the need for a new US trade policy, highlighting the country's deglobalization since NAFTA and the impact of the China shock. It compares the US and Germany's manufacturing job losses and argues that political issues, not trade policy, are the main problem. The video also addresses extremism in trade policy views, suggesting that popular opinions can be misguided.

In what way does the speaker believe the Democratic and Republican parties have come together?

What does the speaker imply about the views of Congress and popular opinion?