Tag: triumph

  • The dangerous triumph of neo-mercantilism

    In the first 11 months of 2025, China ran a customs trade surplus of over $1tn. According to Brad Setser of the Council on Foreign Relations, in 2025 as a whole, its “overall goods surplus . . . should — if accurately measured — approach an astonishing $1.2tn dollars (6 per cent of China’s GDP, read more

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    The dangerous triumph of neo-mercantilism