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June 2025

Imagining Engagement, Part II: Making the Case for 'Why'
A second part of a three-part series: Making the case for the benefits of US-China engagement.
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Stephen Roach
War and Tariffs are a Double Shock to the World Economy
Project Syndicate: June 24,2025
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Stephen Roach
1
Imagining Engagement, Part I: Defining the Goal
Look before leaping. Prior to making the case for US-China engagement, it is critical to understand what that might entail.
 • 
Stephen Roach
13
How my views on Hong Kong's future have evolved
Financial Times opinion: June 12, 2025
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Stephen Roach
Not a Real Deal
An early take on the impact of the London non-deal between the US and China
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Stephen Roach
Adjudicating Economic Emergencies
While the courts have called Trump's bluff on the emergency justification for tariffs, they have laid out a non-emergency path that gets to the same…
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Stephen Roach
1

May 2025

Off again, On again
Clarifying my view after multiple recent court rulings on Trump tariff policy
 • 
Stephen Roach
Update to Subscribers
Dear readers,
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Stephen Roach
8
Twin Deficits: Economics Meets the Law
A stunning Court ruling does not negate the worrisome interplay between America's budget and trade deficits.
 • 
Stephen Roach
Trump's Unworkable Trade Formula
Project Syndicate, May 26, 2025
 • 
Stephen Roach
2
The Compounding Errors of Trump Trade Policy
The combination of a China penalty and a global "minimal" tariff rate of 10% is inherently unstable.
 • 
Stephen Roach
5
© 2025 Stephen Roach
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