The global trade collapse from tariffs continues:
They all have it backwards- it’s the 5th deadly innocent fraud- as the great global trade collapse continues:
“That leads the developed world to say to China: ‘We’ve got to rebalance this. It’s working for you. It’s not working for us,’” says Blackstone CEO Stephen Schwarzman.
Up a bit this month, but levels remain historically depressed, and it’s likely some demand was moved forward by the sudden drop in rates. Also note that the chart isn’t population adjusted.