The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.
WanderingThoughts
joined 2 weeks ago
In points, but not in percentage. At least not yet. But it sure seems to want to measure up to all major crisis and leave its mark.
"He was just being hyperbolic." they told themselves.
Nope, turns out he was "saying it like it is" about what he was going to do and the "I don't care about you" was the truth.
And the way he's talking about annexing other countries and changes opinion and policy on a dime is not a good sign to step into whatever scheme he finally unveils.
Rumour goes the idea is to force others to peg their currency to the dollar in fixed exchange rates so they can stay the reserve currency and still re-industrialize. Tariffs are used to force others into that arrangement. With how trustworthy USA has been the last few months, countries are not going to be enthousiast about this.
There is simple logic in it. Punish everyone, and then let them come to you asking for exemptions. Then he can demand things in exchange. After that it's "Pray I don't alter the deal any further."
UK already asked for an exemption and he said they should buy chlorinated chicken first. If every country responds in the same way and gives in he's making bank. If they respond with a boycott on anything American, especially digital services, things get bad.
It's also the guy saying next year will be the year of the semi, roadster, colony on Mars, robotaxi and what not. Truth has a restraining order against Musk because of repeated violations.
And that was the whole point of the tariffs.
Then they'll still think it was a good idea, it just went wrong in the execution.
Yeah, that's just Trump. He likes to be vengeful and a bully, using tariffs like a stick to beat others info submission. But he doesn't seem to know when enough is enough.
Project 2025 is split on the issue of foreign trade.[109] Mandate author Peter Navarro advocates what he calls a fair trade policy of reciprocal, higher tariffs on the European Union, China, and India, to achieve a balance of trade, though not all U.S. levies are lower than those of its major trading partners.[126] On the other hand, Mandate author Kent Lassman of the Competitive Enterprise Institute promotes a free trade policy of lowering or eliminating tariffs to cut costs for consumers, and calls for more free trade agreements.[126] He argues that Trump's and Biden's tariffs have undermined not just the American economy, but also the nation's international alliances.[117]
The first guy won apparently.
Inviting his friends from Russia no doubt.