Lagarde on China's Slowing Growth and What Trump Got Right on Trade

The video discusses China's economic growth, highlighting its gradual decline over the past decade and its role in the global economy during the financial crisis. Despite concerns about debt, China's large population and economic size necessitate controlled growth. The video also examines the impact of tariffs, particularly those imposed by President Trump, on global trade. It argues that while trade needs fixing, tariffs can hinder trade's role as a growth engine. The benefits of trade, such as reduced poverty and lower costs in advanced economies, are emphasized, suggesting that trade issues should be addressed without disrupting these advantages.

What benefits of trade are mentioned in the text?

What does the speaker suggest should be done regarding trade?