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vesinisa | 6 months ago
EU for example bulged for exactly this reason and accepted 15% one-way tariff for access to US market. Before the deal the uncertainty about the level of coming tariffs was deemed worse for European companies trading to US than the negotiated tariff itself.
European political leaders including the head of NATO have also practically turned to giving rimjobs to Trump's ass wishing he would not throw tantrums at them in important meetings: https://www.bbc.com/news/articles/c17wejpw79qo
Ultimately this all just strengthens US hegemony and makes other countries weaker, which is the explicitly stated goal he keeps repeating..
jleyank|6 months ago
Throwing away 80+ years of mostly-Republican soft power and foreign policy seems foolish. Making it difficult to ship or sell to the US only makes sense if they want to detach from the world's economic system. They're welcome to try to be Tibet, but folks might find it difficult to get what they want. And losing the reserve-currency status for the USD will hurt. So will being unable to (easily) sell debt.
crusty|6 months ago
AlecSchueler|6 months ago
vesinisa|6 months ago
There is really no downside at all for Trump. If it actually starts hurting US economy at any point, he can easily just signal reversing the policy and everyone will let out a big sigh of relief and markets rebound. If it causes some long-term harm for US, he will be long gone by then. But if he is succesful in establishing a new US-first world order he will be forever remembered as one of the greatest American presidents in history.
philistine|6 months ago
XajniN|6 months ago
stouset|6 months ago
Yeul|6 months ago
jrochkind1|6 months ago
duxup|6 months ago
I haven’t seen an explanation of how this works as far as the current tariff methodology goes.
michaelhoney|6 months ago
IAmBroom|6 months ago
What's good for America is protecting her people's liberties and increasing their satisfaction in life. The first is clearly going downhill; Trump's plummeting popularity amongst his followers suggests the second is, as well.
pschastain|6 months ago
Given his history of failed businesses and association with a known pedophile, what seems more likely?
ethbr1|6 months ago
anon_reaction|6 months ago
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