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This reckless way of negotiating has a cost: our trustworthiness. The more recklessness Trump does, the more other nations will strongly consider naming some o
by linguae 2y ago
This reckless way of negotiating has a cost: our trustworthiness. The more recklessness Trump does, the more other nations will strongly consider naming some other currency the global reserve currency, such as the euro, the yuan, or something else, maybe even something new.
This isn't 1946 when the United States was heads-and-shoulders the most prosperous nation on earth, with most other developed countries having to rebuild. Other regions such as the European Union, China, and the bloc of East Asian democracies (Japan, South Korea, Taiwan) also have strong, competitive economies with a high standard of living for many of their residents. If they got together, it's possible that they could move to some alternative to the US dollar should they wish, and with Trump's bullying, this might just be the push.
- insane_dreamer 2y agoIt's going to push the EU and China closer together -- exactly the opposite of what the USA should be trying to make happen.