Agree from a macro per country aspect, but what the data doesn’t describe is what happens to the EU if you nixed trade with the USA. i.e. How does Germany look if they could no longer export to the USA?

My 2 cents is where things broke down is the US Government failed (which could support your statements also) is that they never put pollution, quality of life labor protections in for the lower to middle class in America. There are quite a few nefarious actors in place both internal to the US and external (e.g. Asian countries that dump product using slave labor like practices.

Great article though … appreciate your thoroughness ….

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