China is the single biggest macro imbalance in the global economy. In Q3 2024, China's current account surplus was bigger than ever. Underlying driver is a substantially undervalued Yuan. Tariffs are

China is the single biggest macro imbalance in the global economy. In Q3 2024, China's current account surplus was bigger than ever. Underlying driver is a substantially undervalued Yuan. Tariffs are the best way to get China to appreciate the Yuan. Nothing else has worked...