Everything is becoming more political as the days go by (Powell reduced rate even while core inflation was above 3.2% before election)
I understand Powell stance on the wait and see decision
Because definitely Trumps tariff plan is going to push inflation level once implemented.
I think it is already lost. China has taken over the world. For example the Chinese manufacturing exports are already higher than US + Germany + Japan.
China has been leading since 2008
https://www.voronoiapp.com/trade/-The-Shift-in-Global-Manufacturing-Exports-US-Germany-and-Japan-Decline-as-China-Rises-4764When it comes to Export, China are undeniably the King.