5 ms·
Doesn't your argument reveal the irrationality of the administrations’ tariff policy? Yes, countries do not export goods as charity to the US. They get to hodl
by grim_io 9mo ago
Doesn't your argument reveal the irrationality of the administrations’ tariff policy?
Yes, countries do not export goods as charity to the US. They get to hodl the Dollar.
This huge demand for the Dollar has made it possible to print so many of them and still keep the value, giving the US a big advantage over any other currency.
But who is responsible for the trade deficit anyway? It's the US consumer, of course. No one is forcing them to buy all this stuff.
Now imagine yourself in the shoes of a poor country exporting textiles to the US. What are you to do to make the US administration happy? You can't afford American products, so your only choice is to stop selling to the US? How does that make any sense or help anyone?
- deleted 9mo ago[deleted]
- direwolf20 9mo agomothballed's comment was probably flagged because they used the R slur
- mothballed 9mo ago[flagged]