I really hope he does this. It would force countries to choose between G7 and BRICS, and the latter is where pretty much all the manufacturing happens making it indispensable. This would play out exactly the same way as trying to shut Russia out of the global financial system did, but on a far bigger scale.
The mere fact that Trump is floating this idea is an indication of panic as well. If the US wasn’t worried then there would be no need to use coercive measure to keep people from fleeing dollar based system. These kinds of mob tactics that will further convince countries that they need to move off the dollar as quickly as possible.
I really hope he does this.
Critical support for Trump and the US’ self-inflicted damage.
Agreed, honestly my reaction to seeing this was wondering- at what point does Trump deserve our (extremely critical and entirely circumstantial) support? Here he is basically threatening to free the world economy from the US empire… lol
lol right, like don’t threaten me with a good time
I salute comrade Trump for his contributions to the vital process of dismantling American hegemony.
川建国
Is this what being pandered to by a policitian feels like?
lol critical support for trump
So I have to do some imports from China every now and then. Deal with customs and such.
And I have to say the 25% tariff is on pretty much everything from China and it is insane. So if I get quoted 600 for shipping I guarantee half of that is customs.
Of course you can get an exemption if you’re loaded I’m sure. But for the average person buying goods it is nuts.
Oh and the funny thing is most things are still way cheaper than their American counterpart with the tariff.
🙏🏿🙏🏿🙏🏿🙏🏿
I assume this is an attempt to re-shore manufacturing, especially if as many of us expect, many countries choose to take the tarrif hit so that they can keep trading in their own currency between eachother.
It’s a strategic bet, bring home some manufacturing while hurting those who defy the empire. It’ll certainly reduce the availability of certain goods in the US as countries choose other markets. This likely would help to encourage some level of reshoring, or at least increase pressure from the ruling class to force more coups of other countries to force them back onto the dollar system.
Whether this will backfire or not will is something that is very hard to predict.
Aka. It’s bad policy.
The art of the deal.
Would other higher-ups actually let him do something this foolish?
Apparently so