In this Tea Leaves episode, Kurt and Rich chat with Fred Hochberg, former Chairman of the U.S. Export-Import Bank (EXIM) about how the historical underpinnings of tariffs, the role of the EXIM Bank and how it will play a more significant role in the post-COVID environment, and the role of U.S. international economic policy. The three also talk about Washington’s trade policies in the context of the U.S. service economy.
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“China can’t pivot to domestic demand fast enough to offset collapsing export margins and absorb an oil price shock simultaneously,” ...