3 ms·

Iran can’t trade with the US, other than some pottery and crafts, which amount for a million/year tops. Same with Russia - it’s not on the tariffs list, but it

by herval 2y ago

Iran can’t trade with the US, other than some pottery and crafts, which amount for a million/year tops. Same with Russia - it’s not on the tariffs list, but it doesn’t need to be anyway. It’s good shock value, gets everyone talking about that I don’t think any of this will work favorably to the US, just trying to think what their internal logic might be. The econ guys (Bessent & the other one the name escapes me) wrote a lot about this “3 step plan” in the past few years. So far they’re playing the step 1 exactly as written…

throw0101d 2y ago
> I don’t think any of this will work favorably to the US, just trying to think what their internal logic might be. The "internal logic" is that Trump thinks trade deficits are bad. That's it. He's been going on about this since the 1980s: * https://archive.is/https://www.wsj.com/articles/trump-forged-his-ideas-on-trade-in-the-1980sand-never-deviated-1542304508 https://archive.is/https://www.wsj.com/articles/trump-forged... * https://archive.is/https://www.nytimes.com/2019/05/15/us/politics/china-trade-donald-trump.html https://archive.is/https://www.nytimes.com/2019/05/15/us/pol... Every justification for that "logic" is rationalization for the decision Trump has already made.
- herval 2y ago
  This whole thing isn’t his idea. Trump is a hollow shell with an ill fitting suit - his entire policy is done by people like Bannon or Miller, and now Bessent, Musk and Miran
  - throw0101d 2y ago
    > This whole thing isn’t his idea. There are many (forthcoming) policies that aren't his idea and he doesn't care about: * https://en.wikipedia.org/wiki/Project_2025 https://en.wikipedia.org/wiki/Project_2025 I think tariffs are his thing.