Davies: China Trade War Would Offset U.S. Fiscal Boost

The transcript discusses the economic implications of Trump's policies, focusing on protectionism and potential trade wars. It highlights the short-term benefits and long-term risks of these policies, particularly in relation to trade with countries like China. The conversation also touches on economic theories, such as mercantilism and comparative advantage, and their relevance in modern education. Finally, it explores the future of trade agreements and the need for stable economic frameworks.

What is the speaker's perspective on the concept of mercantilism in the context of modern trade?

What does the speaker suggest is necessary for understanding contemporary trade relationships?