Trump's Mexico Tariff Means 'Wake Up Call Is Here' for Markets: Posen

The transcript discusses the economic implications of the China-US trade tensions, initially expected to be limited in the short term with minor inflation and GDP impacts. However, medium-term concerns include restricted technology flow and reduced productivity. The recent Mexico threat complicates matters, potentially leading to a market sell-off and a reevaluation of the likelihood of a China-US breakup.

What does the speaker believe is a turning point in the relationship between the US and China?

What was the speaker's perspective on the likelihood of a real breakup with China?