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That's happening. The rest of the world is moving away from the US as a trading partner. Trump is just too flaky to deal with. Canada now exports oil to China i

by Animats 2mo ago

That's happening. The rest of the world is moving away from the US as a trading partner. Trump is just too flaky to deal with. Canada now exports oil to China instead of the US, for example. The EU is moving towards self-sufficiency in financial services. What the Trump Administration does not get is that the US is no longer central to the world economy. Everyone else has a lot more productive capacity now. Trump is running on a 1980s world view.

lowbloodsugar 2mo ago
The US is desperately selling currency so it can buy the Yen so that Japan doesn’t ditch its US treasuries.
- juiceland 2mo ago
  Investing in your customer so they buy your product seems to be the signature move as of late.
- frm88 2mo ago
  And even that was a betrayal of European allies since the US sold Euros without notifyong the ECB. Lagarde will see to it that such a thing never happens again. The trust, though, is gone. https://www.ft.com/content/d9922d0b-51a0-48be-811b-42e08f90985a?syn-25a6b1a6=1 https://www.ft.com/content/d9922d0b-51a0-48be-811b-42e08f909...
ColdStream 2mo ago
Exactly, the move away from the US is both fast and slow. Fast on the things that could be swapped for an alternative straight away/short term. Slow in that there are something that will take decades to move away from and are actively being worked on but quietly. This is the problem of the 2nd Trump admin, the first time was considered a fluke incident and didn't pan out so bad as there was a lot of longer term folks keeping things sort of in check. The 2nd time, it was apparent that there is a significant enough faction of the US population that will ensure this kind of power structure keeps coming back. Trump is but the first of many to operate like he does. There will be more like him. I must warn some people, who knows which side of politics that will come from. Don't think 'your side' is above it, this kind of rhetoric and rot and creep in a lot quicker than one would think.
dismalaf 2mo ago
> Canada now exports oil to China instead of the US Lol >90% of our oil exports still go to the US. China could be good to grow our exports but it's not replacing the US. https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2024/market-snapshot-almost-all-canadian-crude-oil-exports-went-to-the-united-states-in-2023.html https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/ma...
- Animats 2mo ago
  That's 2023 data, pre-Trump. Now look at the 2005 data.[1] The Trans Mountain Expansion pipeline reached the Vancover area in 2024. That made exporting oil to China in large volume possible, and that's happening. [1] https://www.ualberta.ca/en/china-institute/policy-analysis-scholarship/policy-analysis/2026/canada-china-trade-in-2025.html https://www.ualberta.ca/en/china-institute/policy-analysis-s...
  - dismalaf 2mo ago
    We sell $170 billion of O&G per year. China rising to $9 billion as per your link means it's still within the range I mentioned (I am aware they increased since that report, but it's small compared to total exports).

by Animats 2mo ago

lowbloodsugar 2mo ago

The US is desperately selling currency so it can buy the Yen so that Japan doesn’t ditch its US treasuries.

juiceland 2mo ago
Investing in your customer so they buy your product seems to be the signature move as of late.
frm88 2mo ago
And even that was a betrayal of European allies since the US sold Euros without notifyong the ECB. Lagarde will see to it that such a thing never happens again. The trust, though, is gone. https://www.ft.com/content/d9922d0b-51a0-48be-811b-42e08f90985a?syn-25a6b1a6=1 https://www.ft.com/content/d9922d0b-51a0-48be-811b-42e08f909...

ColdStream 2mo ago

Exactly, the move away from the US is both fast and slow. Fast on the things that could be swapped for an alternative straight away/short term. Slow in that there are something that will take decades to move away from and are actively being worked on but quietly. This is the problem of the 2nd Trump admin, the first time was considered a fluke incident and didn't pan out so bad as there was a lot of longer term folks keeping things sort of in check. The 2nd time, it was apparent that there is a significant enough faction of the US population that will ensure this kind of power structure keeps coming back. Trump is but the first of many to operate like he does. There will be more like him. I must warn some people, who knows which side of politics that will come from. Don't think 'your side' is above it, this kind of rhetoric and rot and creep in a lot quicker than one would think.

dismalaf 2mo ago

> Canada now exports oil to China instead of the US Lol >90% of our oil exports still go to the US. China could be good to grow our exports but it's not replacing the US. https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2024/market-snapshot-almost-all-canadian-crude-oil-exports-went-to-the-united-states-in-2023.html https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/ma...

Animats 2mo ago
That's 2023 data, pre-Trump. Now look at the 2005 data.[1] The Trans Mountain Expansion pipeline reached the Vancover area in 2024. That made exporting oil to China in large volume possible, and that's happening. [1] https://www.ualberta.ca/en/china-institute/policy-analysis-scholarship/policy-analysis/2026/canada-china-trade-in-2025.html https://www.ualberta.ca/en/china-institute/policy-analysis-s...
- dismalaf 2mo ago
  We sell $170 billion of O&G per year. China rising to $9 billion as per your link means it's still within the range I mentioned (I am aware they increased since that report, but it's small compared to total exports).