Deluge of trade analysis ...

Great point here ... ultimately the US preference is for a small deficit ... which in part means that people who export alot of what they make are being asked to consume more of wat they make and send less of it overseas ... it equally infers that running your currency 'cheap' to foster this kind of 'trade' is no longer acceptable ... Bessent is all over this ... ultimately the euro, won, yen and renminbi are viewed as too cheap... and these economies are going to be pushed to become spenders not savers ...