Posted by Anon84 4/4/2025
the other issue at the same time for the democrats was that they were losing middle american votes because the globalists shipped those jobs overseas.
There has been bipartisan support to exit globalism since; and it is over obviously. Obama, Biden, and Trump have all be making major changes to exit.
Without the need for global trade, the usa is also no longer world police. They have instead condensed their blue water navies down to super carrier groups that will project power into specific spots like yemen/houthis for example.
The usa rather abruptly switched from trying to sustain stability over the world to the opposite; they benefit from causing chaos elsewhere because backhome stability will be attractive to investors.
Welcome to how trade always was; we usually had our navies trading bullets and not goods.
China isn't ready and these retaliatory tariffs will only punish themselves.
https://www.usni.org/magazines/proceedings/2020/february/chi...
That might be how it is understood locally, but on an international scale this is quickly moving from "Trump's" to "America's" trade war. Various levels of US government have had opportunity to weigh in, but have generally acquiesced to the recent tariff policies. Calling this a "trump problem" wont fly much longer. This is now American trade policy.
This isn’t going away even if he leaves office in 4 years (which is looking unlikely).
Not causing a global financial crisis, mainly. But vis-a-vis his predecessor’s recurrent criminality, it’s hard to imagine what his options were, considering the capture of the remaining branches of government. Well, that, and the Constitution.
Finally the source of “we’ve been treated unfairly” is revealed?
He simply picked an economic advisor who shares his views.
You do realize how this began?
It's like arguing against the expression "Putin's war in Ukraine" because Ukraine retaliated with drones.
Does that put us at 68%?
Besides, this isn't at all the same. China isn't adding tariffs on the whole world like the US are.
When China applies tariffs against the US, the result is that China imports the goods it needs from other countries. For example, now that US soy is prohibitively expensive for Chinese importers, they can buy from Brazil (who China is not applying the same tariffs against).
In the case of the US, the US importers cannot switch to anyone else, since it decided to go full trade war against every single country.
This is doing a lot of heavy lifting here. The US can say it's tariff policy is whatever it wants but the administration is under constraints. If there was some extremely compelling data that the economic effects caused by the retaliatory tariffs would cause an overwhelming democratic victory at the midterms that would have a much bigger effect on policy than the formula for tariffs the administration wrote down. I am not predicting this definitely will happen but it is the kind of thing I am sure people are considering when they are imposing retaliatory tariffs.
So while tariffs will stop some importation of Chinese goods due to costs others are just going to cost more for consumers until the proposed US manufacturing capacity is build up.
Same with auto parts, even the US car makers rely on foreign made parts and have no real alternatives.
People assume there's going to be massive investments into what is essentially an uncertain market. A reversal of the capital outflows of the previous decades or something, dunno?
Why, exactly, would people from other countries chose to invest in the US when they could just keep their investments at home and/or engage with more reliable trading partners like the EU, South America or Asia?