FS Insider interviews Dr. Woody Brock on the difficulty of trade wars in our modern, globalized economy, especially when many goods are not produced in the region or country they are eventually sold. Brock also takes on President Trumps goal of reducing our trade deficit with China and other countries by explaining the pre-eminent role of capital flows vs. trade flows and how most people dont understand the operation of international trade and finance, and are instead holding to outdated models of how the global economy works. Dr. Brock is a renowned economist, international speaker, and President and founder of the economic research and consulting firm called Strategic Economic Decisions (or SED). He is also the author of the must-read 2012 book American Gridlock: Why the Left and Right Are Both Wrong - Commonsense 101 Solutions to the Economic Crises.