3 ms·

Trump now has knobs he alone (unless congress stops him) can turn to save or wreck any country, even specific businesses and people (i.e. those that don’t surre

by ks2048 2y ago

Trump now has knobs he alone (unless congress stops him) can turn to save or wreck any country, even specific businesses and people (i.e. those that don’t surrender more power to him). For a power obsessed, extreme narcissist, that is worth more than economic success.

testing22321 2y ago
The only country he is wrecking is the US. Every other country can still happily trade with every other country. Sure, for some countries it will hurt short term, but long term they will all just increase trade between each other and do perfectly fine. China’s exports to the US are only 7% of their GDP. Even if all that went to zero, they’ll still have the highest GDP soon enough.
- Yeul 2y ago
  I don't think a lot of Americans know this: the EU is China's biggest trade partner. And the EU has free trade in it's DNA.
  - disgruntledphd2 2y ago
    cough mostly protectionism, I'm afraid cough. The EU roleplays as free traders (for exports), but if you look at their actual behaviour (particularly around agriculture) then you can see that they're also a big fan of protectionism at times.
  - gspetr 2y ago
    Free trade? They put tariffs on China in October 2024, before the US Election. https://www.reuters.com/business/autos-transportation/eu-votes-favour-hefty-tariffs-china-made-ev-imports-2024-10-04/ https://www.reuters.com/business/autos-transportation/eu-vot...
- disgruntledphd2 2y ago
  > The only country he is wrecking is the US. Every other country can still happily trade with every other country. I mean, sortof. Unfortunately both the EU/China/everyone else has been running an export led growth strategy which relies on the US consumer buying their exports. So, buckle up everyone, it's gonna be a wild ride (and maybe read Trade Wars are Class Wars to understand where the administration may be coming from).

3 ms·

Trump now has knobs he alone (unless congress stops him) can turn to save or wreck any country, even specific businesses and people (i.e. those that don’t surre

by ks2048 2y ago

testing22321 2y ago
The only country he is wrecking is the US. Every other country can still happily trade with every other country. Sure, for some countries it will hurt short term, but long term they will all just increase trade between each other and do perfectly fine. China’s exports to the US are only 7% of their GDP. Even if all that went to zero, they’ll still have the highest GDP soon enough.
- Yeul 2y ago
  I don't think a lot of Americans know this: the EU is China's biggest trade partner. And the EU has free trade in it's DNA.
  - disgruntledphd2 2y ago
    cough mostly protectionism, I'm afraid cough. The EU roleplays as free traders (for exports), but if you look at their actual behaviour (particularly around agriculture) then you can see that they're also a big fan of protectionism at times.
  - gspetr 2y ago
    Free trade? They put tariffs on China in October 2024, before the US Election. https://www.reuters.com/business/autos-transportation/eu-votes-favour-hefty-tariffs-china-made-ev-imports-2024-10-04/ https://www.reuters.com/business/autos-transportation/eu-vot...
- disgruntledphd2 2y ago
  > The only country he is wrecking is the US. Every other country can still happily trade with every other country. I mean, sortof. Unfortunately both the EU/China/everyone else has been running an export led growth strategy which relies on the US consumer buying their exports. So, buckle up everyone, it's gonna be a wild ride (and maybe read Trade Wars are Class Wars to understand where the administration may be coming from).