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The financial press, and many institutions and individuals, are highly concentrated on our "Game of Thrones" with China. Make no mistake here, the tariff skirmishes are just part of the overall battle, one part. There is much more going on here besides the wrangling about tariffs and consumption and goods.
The quotes in the press are accurate; China has the second largest economy in the world, but that doesn't tell the whole story. The American economy is about $22 trillion, while China's economy is only $13 trillion. Quite a spread, when you think about it.