Michael Pettis

3 weeks ago | politico.eu | Michael Pettis

Michael Pettis is a former investment banker and a senior associate at the Carnegie Endowment for International Peace. George Magnus contributed to this essay. As the era of hyper-globalization grows increasingly contested, so must Britain’s role in it. In terms of shaping financial flows and the fault lines between trade and capital, the U.K. punches well above its weight.

1 month ago | nzz.ch | Michael Pettis

Gastkommentar Michael Pettis Angesichts des Drucks aus den USA muss Europa handeln. Nur mechanisch von «strategischer Autonomie» zu reden, ersetzt keine Neuausrichtung der weltwirtschaftlichen Strategie. 15.05.2025, 05.30 Uhr 3 min Europa muss sich global besser behaupten. Valentin Alexandrovich Serov (1865-1911): «Raub der Europa» von 1910.

1 month ago | wsj.com | Michael Pettis

Yes, but only when what threatens them is other countries’ industrial policy. A common refrain among American economists is that the U.S. shouldn’t be overly concerned with its declining share of global manufacturing. They point out that manufacturing has accounted for a shrinking portion of U.S. employment over the years and that automation rather than trade is responsible for most of the dip in employment.

2 months ago | almendron.com | Michael Pettis

The sweeping tariffs announced by U.S. President Donald Trump on April 2, along with the subsequent postponements and retaliations, have unleashed an enormous amount of global uncertainty. Much of the world’s attention is on the chaotic, short-term consequences of these policies: wild stock market fluctuations, concerns about the U.S. bond market, fears of a recession, and speculation about how different countries will negotiate or react.

2 months ago | foreignaffairs.com | Michael Pettis

The sweeping tariffs announced by U.S. President Donald Trump on April 2, along with the subsequent postponements and retaliations, have unleashed an enormous amount of global uncertainty. Much of the world’s attention is on the chaotic, short-term consequences of these policies: wild stock market fluctuations, concerns about the U.S. bond market, fears of a recession, and speculation about how different countries will negotiate or react.