3 ms·
The US, Trump, is trying to "refinance" global trade with the united states. The short of it is that the Trump wants countries to pay more to be part of the wes
by Workaccount2 2y ago
The US, Trump, is trying to "refinance" global trade with the united states. The short of it is that the Trump wants countries to pay more to be part of the west's "protection blanket". Most of the "paying more" will come in the form of a weaker dollar, devaluing foreign held treasuries and making US industry more competitive with local manufacturers.
Trump seems to be going nuclear with this plan, and because he obviously is not particularly smart or diplomatic, I don't think he grasps the immense second and third order effects this will have on perceptions of America. American goods might get cheaper, but maybe no one will want to buy them. No one will want to travel to the US. No one will want to live in the US.
So dumb.