Michael Pettis is a professor of finance at Guanghua School of Management at Peking University in Beijing, as well as a Carnegie Fellow. He is the author of numerous books, including The Great Rebalancing, The Volatility Machine, and, with Matthew Klein, Trade Wars Are Class Wars.

June 28, 2024


Trade and the Manufacturing Share

Tariffs, manufacturing, and US capital controls

One of the concerns in American policy circles in recent years has been the long-term impact of foreign trade and industrial policies on the health and strength of American manufacturing. The Trump and Biden administrations tried to address this weakness…