quote
The author of the Cato Institute article quotes their previous writing: 'as the United States embarks upon fully asserting its economic leverage in world trade, it will become increasingly clear that American leverage is not as overpowering as is currently assumed inside the Beltway. An overestimation of the extent of American leverage is the mistaken premise not only of Trump’s trade policy, but also of the entirety of his foreign policy. Where the shape and composition of the world economy are concerned, today is not yesterday. The year 2025 is not 1955, or even 1995.'
Authors
Sources
- World Trade Without the US | Cato Institute www.cato.org via serper
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- U.S. location