3 ms·

I thought the US gov is hoping that debt is relinquished as part of negotiations, is that not the case?

• nabla9 2y ago
  That's a crazy showertought. WH might actually consider it. After hypothetical successful debt relinquish negotiations, any new US debt would have similar interest rate to Argentinian debt, 30% or so. Wall Street would shrink and London (or Frankfurt) would become new global financial center. In reality, countries do just as what they do now. They raise counter-tariffs. The US faces coutertariffs from everyone. Other countries only from the US. Trade between countries other increase and they gradually adjust. Europeans start buying less iPhones and buy more Androids made in South Korea. Less Fords more Nissan.
  • nottorp 2y ago
    > Europeans start buying less iPhones I wonder... they're all made in China anyway. And shipped from there directly, not through the US. I'm sure that either the US tariffs won't apply to them, or Apple will shuffle some subsidiaries so they don't.
    • tonyedgecombe 2y ago
      Buying goods from American corporations is going to leave a sour taste in the mouth for Europeans now.
      • nottorp 2y ago
        Yeah but for smartphones you have two choices, both American. Don't tell me it matters who makes the hardware, it's the OS that sets the experience.
        • conceptme 2y ago
          Samsung and apple?
          • nottorp 2y ago
            Apple and google. Read both lines of my post.
  • dragandj 2y ago
    Most (if not all) Fords bought in Europe are actually made in Germany (AFAIR).