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How to kill the world economy in 3 easy steps…
Step 1: Populism
Whelp there goes Walmart and dollar general
Frankly, good riddance.
DT fans its a correction, neutral and non fans it is a crash
If tariffs aren’t solving all your problems, you’re just not using enough of them.
/s
What is the end game here? A war? There is no war against China that US can win unless India and to lesser extent Russia becomes antagonistic to China. Thats not happening.
The problem is that China can live very easily without American goods, while the opposite isn’t true. They already called his bluff even before inauguration, good luck continuing bluffing.
Now I understand how he managed to bankrupt a casino
The problem is that China can live very easily without American goods
A lot of it is food. They probably can, but it will not be not easy at all.
Can that food be imported from elsewhere?
Yes, but the other countries that buy from elsewhere will want their normal amounts too.
Can other food producers increase their production while the US spirals down? Nobody really knows, we are in shock due to both global warming and the war in Ukraine. And the US is a really major food exporter.
Can people make do with less food? Probably, but it’s not trivial.
Anyway, China’s tariffs are completely self-imposed. They can cut them at any time.
The idea is that China can’t live without selling stuff to the US… But it’s easier for them than it would be for the US.
There will be supply chain shocks. There is no country in the world that can absorb the entirety of Chinese production like US could. This would cause recession for China which would highly increase the chances of war in Taiwan strait.
I hate this timeline
Lmao the US is so fucked
Everyone is fucked
If only that shooter had better aim.
I think of that guy all the time. He had it … he was there.
Unfortunately it would have martyred him and all of his supporters would never have realized how much of a buffoon he really is. A lot of them still don’t understand now but they will more and more as they feel it with continued inflation and their financial situation dwindling.
If only the Democrats ran a candidate that was not dogshit time and time again. It was never a surprise that candidates like Harris and Clinton did not do especially well against Trump in polls. It takes a special kind of loser to lose to Donald Trump.
If only republicans weren’t so fucking gullible.
It’s not gullibility. It’s intentional ignorance and simply believing what they want to believe so they can hate the people they want to hate.
Even now the majority of republicans will defend Trump’s actions.
Has Europe made itself more robust in the wake of the multiple financial collapses stemming from the US? Sincere question. I know china has taken measures.
I think there’s some things in place but there’s still a lot of reliance on American systems which is a bit risky. If Trump decides to start tariffing anything to do with Visa or Mastercard shit would hit the fan real quick.
On the other hand that is just money, at least there is no real vendor-lock-in there yet, though I am sort of surprised the concept of different currencies per payment company hasn’t occurred to them yet outside of gaming.
Their banking sector at least went through reforms following the 2008 crisis. They are required to be less risky in certain ways than they were pre-GFC and have gone through a bunch of stress testing over the years.
They did gor like a week here in he UK. We’re rolling back the rules since 2008 already
You just now coming round to this realisation?
“If he does impose the additional 50%, US companies would pay a total rate of 104% on Chinese imports.”
This was the bit of information I was confused about before reading this article. I was under the impression that we were already charging over 50%, and for some reason I didn’t realize that we can charge more than a 100% tariff.
As others have already said, JFC we are cooked.
Who wants to bet that the idea of retaliatory tariffs wasn’t gamed out beforehand and they have no strategy?
It seems like if you want a trade war with China, you’d want partners to help you apply pressure and replace Chinese goods you can’t do without. Maybe somewhere like Vietnam for cheap labor; Canada for rare-earth minerals; and the EU to buy expensive American goods and services. Oh no.
Just block trade and get it over with.
