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What's the plan here ? Tariff war with all main trading partners ? According to Trump EU tariffs are coming in soon. US can win any tariff war against a singl

What's the plan here ? Tariff war with all main trading partners ? According to Trump EU tariffs are coming in soon. US can win any tariff war against a single country. They maybe could win against China or EU or Canada / Mexico alone. But all of them at once ? This is going to be a disaster for the US. Because of current sky-high stock market valuations, US thinks it's the only game in town. We will soon see if it's the case. The tide is turning, and it's only when the tide goes out do you discover who's been swimming naked. US is in for a big surprise.

pixl97 2y ago
With things like tariffs on prescriptions, I guess get the population to riot then declare marshall law and just fully coup the US successfully this time.
deeg 2y ago
Trump has an infantile view of the economy. He seems to think that a trade deficit means the US is losing money, as if it was a business. If he can manufacturer a trade surplus then then he can do away with taxes. He also seems to believe that tariffs are paid by the foreign countries, not American consumers. It is unfathomable that people voted for this idiot.
- deleted 2y ago
  [deleted]
- Terr_ 2y ago
  > as if it was a business Even among the folks who really do want to "run government like a business", the kinds of businesses they usually admire--large, publicly traded, with a CEO beholden to sharehodlers--are utterly different from the kind that Trump has inherited from his father. Only kind of government Trump's business experience has prepared him for is running North Korea: A lifetime CEO on top who can't be removed, the ability to fire anybody on a whim, and sneaky power struggles between the kids for who will inherit when the old man finally strokes out. ... He's going to do a lot of damage to America trying to twist it into working that way.
dutchbookmaker 2y ago
I don't really understand what the end game is with Canada here. For Mexico, it seems more like a prod for social policy on immigration and fentanyl. I listened to Trudeau yesterday and he isn't even able to get a hold of Trump right now, something that seems just insane. I am just not sure that is true though that this is a disaster for the US. How much can China afford to fight back here with the state of their economy? Canada retaliating is asymmetrically bad for Canada. Dollar strength and an emerging market currency breaking is what worries me. Inside the US, I would expect much of the potential inflation will just be exported through dollar strength. I imagine that is the method to the madness.
- laverya 2y ago
  What I've been seeing is people saying that Canada is the source for most fentanyl coming into the US, not Mexico. (This is also the US's stated reason for tariffs on Canada)
  - halostatue 2y ago
    I don't know where you've seen that, because not even the professional liars at the DEA claim that.
    - wampwamp 2y ago
      A "super lab" that used "cartel" processes was discovered in Canada a few months ago with almost 100 million[0] lethal doses of Fentanyl. It was only 11 miles from the border. The group was linked to a Khalistani transnational crime network; the same group of people (Punjabis) have also taken over our trucking industry[1]. Our border is the longest undefended border in the world and Canada is now taking in more than 1.5 million people per year[2], not including the 5 million on 'temporary permits'[3], mostly from India and China[4] and mostly un-vetted[5]. They get H2B visas with their Canadian passports and can travel across the border with ease. 1 billion doses worth of precursor chemicals were found in the port of Vancouver over a period of just 3 months last year[6], all coming from China. Halting immigration and shutting off the precursor chemical supply from China via the port Vancouver is all my clown show of government had to do to avoid this trade war. Stopping the flow of these brutal new drugs will do more to save both our economies than any amount of 'USA owned' tar sand ever could. [0] https://bc-cb.rcmp-grc.gc.ca/ViewPage.action?siteNodeId=2087&languageId=1&contentId=85957 https://bc-cb.rcmp-grc.gc.ca/ViewPage.action?siteNodeId=2087... [1] https://thecanadianbazaar.com/how-punjabis-came-to-dominate-trucking-industry-in-canada/ https://thecanadianbazaar.com/how-punjabis-came-to-dominate-... [2] https://www.meansandways.ca/news-articles/chart-of-the-day-canada-population-growth https://www.meansandways.ca/news-articles/chart-of-the-day-c... [3] https://economictimes.indiatimes.com/nri/migrate/millions-of-immigrants-might-have-to-leave-canada-next-year/articleshow/115862737.cms https://economictimes.indiatimes.com/nri/migrate/millions-of... [4] https://youtu.be/bg3psxZ_pRg?si=GLSJdquqF4WQgcNt&t=441 https://youtu.be/bg3psxZ_pRg?si=GLSJdquqF4WQgcNt&t=441 [5] https://www.ctvnews.ca/politics/article/terror-suspect-entered-canada-with-student-visa-in-june-2023-immigration-minister-confirms/ https://www.ctvnews.ca/politics/article/terror-suspect-enter... [6] https://www.ctvnews.ca/vancouver/article/enough-precursor-chemical-for-1-billion-fentanyl-doses-seized-in-metro-vancouver-cbsa-says/ https://www.ctvnews.ca/vancouver/article/enough-precursor-ch...
dashundchen 2y ago
They've been telling us the plan. Fascist Elon Musk was telling us before the election they were going to crash the economy and wreck the government. Project 2025 was freely available. https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008 https://www.marketwatch.com/story/kaboom-elon-musk-predicts-... They want to snap up assets, strip mine and privatize government services once theyre broken, and install the billionare oligarchcy as the permanent ring class. Theyre speed running Russia's 1990s economic crash into oligarchy.
- ModernMech 2y ago
  Except this time it’s the capitalists and not the communists. The lesson of the fall of the Soviet Union was never that Communism doesn’t work, it’s that this top down insider-only rule by decree doesn’t work. They’re trying it again with this smug background of feeling like they’ve got it all figured out this time, but they’re just doing it all again but with iPhones and the internet. But it’ll turn out just the same.
  - Gud 2y ago
    What do you mean, doesn’t work? It works fantastic for the people at the top.
corimaith 2y ago
If you look at the global trade balance, most economies are essentially relying on persistently heavy trade surpluses for growth. Their domestic consumption is too weak, so instead they focus on exporting to foreign markets. And right now, the only country that is both large enough and willing to do is the USA. That's why it's actually alot worse if it's everyone doing it, because since the majority of them are exporters, someone or many will have to take on a massive trade deficit to balance the exports. Too many sellers, not enough buyers. No one is willing to do that, and so to that extent it's important to realise that the exceptionalism of Trumpian protectionism is something that these countries perform on a day to day basis! Nor is this system paticularly stable, with the US running a persistent current account deficit and ballooning debt as a result of it, yet the glut of foreign capital inflows and the resulting overfinancialization of the economy means that the dollar remains strong as opposed to weak and is unable to naturally rebalance. America has been prodding these countries to reform and transition to consumption based economies like them for decades, but they haven't been doing so, so unfortunately the gravy train is over and the beggar thy neighbor policies will commence.

pixl97 2y ago

With things like tariffs on prescriptions, I guess get the population to riot then declare marshall law and just fully coup the US successfully this time.

deeg 2y ago

Trump has an infantile view of the economy. He seems to think that a trade deficit means the US is losing money, as if it was a business. If he can manufacturer a trade surplus then then he can do away with taxes. He also seems to believe that tariffs are paid by the foreign countries, not American consumers. It is unfathomable that people voted for this idiot.

deleted 2y ago
[deleted]
Terr_ 2y ago
> as if it was a business Even among the folks who really do want to "run government like a business", the kinds of businesses they usually admire--large, publicly traded, with a CEO beholden to sharehodlers--are utterly different from the kind that Trump has inherited from his father. Only kind of government Trump's business experience has prepared him for is running North Korea: A lifetime CEO on top who can't be removed, the ability to fire anybody on a whim, and sneaky power struggles between the kids for who will inherit when the old man finally strokes out. ... He's going to do a lot of damage to America trying to twist it into working that way.

dutchbookmaker 2y ago

I don't really understand what the end game is with Canada here. For Mexico, it seems more like a prod for social policy on immigration and fentanyl. I listened to Trudeau yesterday and he isn't even able to get a hold of Trump right now, something that seems just insane. I am just not sure that is true though that this is a disaster for the US. How much can China afford to fight back here with the state of their economy? Canada retaliating is asymmetrically bad for Canada. Dollar strength and an emerging market currency breaking is what worries me. Inside the US, I would expect much of the potential inflation will just be exported through dollar strength. I imagine that is the method to the madness.

laverya 2y ago
What I've been seeing is people saying that Canada is the source for most fentanyl coming into the US, not Mexico. (This is also the US's stated reason for tariffs on Canada)
- halostatue 2y ago
  I don't know where you've seen that, because not even the professional liars at the DEA claim that.
  - wampwamp 2y ago
    A "super lab" that used "cartel" processes was discovered in Canada a few months ago with almost 100 million[0] lethal doses of Fentanyl. It was only 11 miles from the border. The group was linked to a Khalistani transnational crime network; the same group of people (Punjabis) have also taken over our trucking industry[1]. Our border is the longest undefended border in the world and Canada is now taking in more than 1.5 million people per year[2], not including the 5 million on 'temporary permits'[3], mostly from India and China[4] and mostly un-vetted[5]. They get H2B visas with their Canadian passports and can travel across the border with ease. 1 billion doses worth of precursor chemicals were found in the port of Vancouver over a period of just 3 months last year[6], all coming from China. Halting immigration and shutting off the precursor chemical supply from China via the port Vancouver is all my clown show of government had to do to avoid this trade war. Stopping the flow of these brutal new drugs will do more to save both our economies than any amount of 'USA owned' tar sand ever could. [0] https://bc-cb.rcmp-grc.gc.ca/ViewPage.action?siteNodeId=2087&languageId=1&contentId=85957 https://bc-cb.rcmp-grc.gc.ca/ViewPage.action?siteNodeId=2087... [1] https://thecanadianbazaar.com/how-punjabis-came-to-dominate-trucking-industry-in-canada/ https://thecanadianbazaar.com/how-punjabis-came-to-dominate-... [2] https://www.meansandways.ca/news-articles/chart-of-the-day-canada-population-growth https://www.meansandways.ca/news-articles/chart-of-the-day-c... [3] https://economictimes.indiatimes.com/nri/migrate/millions-of-immigrants-might-have-to-leave-canada-next-year/articleshow/115862737.cms https://economictimes.indiatimes.com/nri/migrate/millions-of... [4] https://youtu.be/bg3psxZ_pRg?si=GLSJdquqF4WQgcNt&t=441 https://youtu.be/bg3psxZ_pRg?si=GLSJdquqF4WQgcNt&t=441 [5] https://www.ctvnews.ca/politics/article/terror-suspect-entered-canada-with-student-visa-in-june-2023-immigration-minister-confirms/ https://www.ctvnews.ca/politics/article/terror-suspect-enter... [6] https://www.ctvnews.ca/vancouver/article/enough-precursor-chemical-for-1-billion-fentanyl-doses-seized-in-metro-vancouver-cbsa-says/ https://www.ctvnews.ca/vancouver/article/enough-precursor-ch...

dashundchen 2y ago

They've been telling us the plan. Fascist Elon Musk was telling us before the election they were going to crash the economy and wreck the government. Project 2025 was freely available. https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008 https://www.marketwatch.com/story/kaboom-elon-musk-predicts-... They want to snap up assets, strip mine and privatize government services once theyre broken, and install the billionare oligarchcy as the permanent ring class. Theyre speed running Russia's 1990s economic crash into oligarchy.

ModernMech 2y ago
Except this time it’s the capitalists and not the communists. The lesson of the fall of the Soviet Union was never that Communism doesn’t work, it’s that this top down insider-only rule by decree doesn’t work. They’re trying it again with this smug background of feeling like they’ve got it all figured out this time, but they’re just doing it all again but with iPhones and the internet. But it’ll turn out just the same.
- Gud 2y ago
  What do you mean, doesn’t work? It works fantastic for the people at the top.

corimaith 2y ago

If you look at the global trade balance, most economies are essentially relying on persistently heavy trade surpluses for growth. Their domestic consumption is too weak, so instead they focus on exporting to foreign markets. And right now, the only country that is both large enough and willing to do is the USA. That's why it's actually alot worse if it's everyone doing it, because since the majority of them are exporters, someone or many will have to take on a massive trade deficit to balance the exports. Too many sellers, not enough buyers. No one is willing to do that, and so to that extent it's important to realise that the exceptionalism of Trumpian protectionism is something that these countries perform on a day to day basis! Nor is this system paticularly stable, with the US running a persistent current account deficit and ballooning debt as a result of it, yet the glut of foreign capital inflows and the resulting overfinancialization of the economy means that the dollar remains strong as opposed to weak and is unable to naturally rebalance. America has been prodding these countries to reform and transition to consumption based economies like them for decades, but they haven't been doing so, so unfortunately the gravy train is over and the beggar thy neighbor policies will commence.