Conflict

Conflict

Home
Archive
About
Imagining Engagement
Look before leaping. Prior to making the case for US-China engagement, it is critical to understand what that might entail.
 • 
Stephen Roach
9
How my views on Hong Kong's future have evolved
Financial Times opinion: June 12, 2025
 • 
Stephen Roach
Not a Real Deal
An early take on the impact of the London non-deal between the US and China
 • 
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…
 • 
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,
 • 
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
The Fallacy of Strategic Uncertainty
There is no order to chaos in Trump 2.0, especially when it comes to the tariff war.
 • 
Stephen Roach
4
A Post-Truth Deal with China
Process is progress, but without strategy, progress will stall.
 • 
Stephen Roach
2
Spin Art
The tariff shock — from soft to hard data.
 • 
Stephen Roach
1
© 2025 Stephen Roach
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture