Here's your summary from US Risks ‘Forever’ Trade War With China, Roach Says (https://www.youtube.com/watch?v=iZNbejkmEQ4) on the Bloomberg Television channel:

**TLDR:** US trade policy lacks coherence and clarity, with multiple conflicting goals, leading to potential long-term trade war risks with China.

1. US trade policy lacks a clear objective, with conflicting goals such as reducing the trade deficit, stopping Chinese technology, and protecting industries without a comparative advantage.

2. The trade deficit is linked to massive budget deficits in the US, and politicians need to address fiscal policy to tackle the trade deficit effectively.

3. China's structural issues, including declining population and workforce, require a focus on boosting productivity, which could have consequences for the global economy.

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