How America's China Trauma Strains Alliances

Trump's election wasn't a fluke. Nor are tariffs a passing fad. They reflect deep-seated trauma at the country's decline relative to China. So enraged and befuddled is the U.S. that it's a danger to itself, its closest allies and the global trading system, says former Australian foreign minister Bob Carr. A long-time lover of Americana and leader of the Chester A. Arthur Society, Carr is no crazy leftie. He tells Dan Moss of Bloomberg Opinion and Scott Lanman of Bloomberg News why he's just about given up on the U.S.   

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Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.