China Needs U.S. More Than U.S. Needs China

I received several questions concerning the subject matter of my last column , wherein I introduced the Triffin Dilemma, so I’m going to expand on those issues here. Because of the rhetoric being used by Donald Trump and his economic team concerning the need to renegotiate new trade agreements and threatening domestic companies with penalties for taking advantage of existing agreements , it is important to understand the logic for doing so and the issues that may arise as a result.