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The US is powerful, but it isn't all powerful. If this were the 1950s then the US could dictate and the world would fall into line. I think even if the US had b
by jemmyw 2y ago
The US is powerful, but it isn't all powerful. If this were the 1950s then the US could dictate and the world would fall into line. I think even if the US had been strategic about this then the outcome could be much more under its control - as per your example the US could have taken on China, especially with the support of its allies. Instead the US has applied tariffs to every country based on a bullshit formula.
So I would argue that the power imbalance is not as one sided as you think. It's not just about which economy is bigger, but who is more willing to bear pain to get the outcome they want. Polling in the US was already against tariffs prior to these new ones. Support for retaliation is high in Europe. The US has some critical imports, and because of the way this bizarre formula has been calculated tariffs are higher against the poorer countries providing those - so it will be a pure tax on Americans. And if costs and inflation start rising then we'll see if Trump really can persuade the US population its worth waiting on the nebulous results he's hoping for.