Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too.
Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs
They already have. It takes 1.5 to 2 years for trade deals to be negotiated and then put into effect. In the coming years when these deals take effect, and trade is routing itself around the US as much as possible rather than through it, people in the US are going to learn a very difficult economic lesson.
On the plus side, maybe the notion of American Exceptionalism will diminish a bit, which is long overdue.
As an American, I can’t wait for the lessons learned and the death to American Exceptionalism. I look forward to reaping everything we’ve sowed due to our shitty actions (or complete lack of action).
But also as an American I am bitter and don’t believe for a second that the 60-70% of people here that need to learn a lesson, will actually learn a lesson. I no longer believe things will change for the better within my lifetime. It sucks.
When you are too old to leave the country because you are too invested, not old enough to be dead before it gets really bad. So living through the next 40 years is going to be fucking grueling.
I no longer believe things will change for the better within my lifetime.
Funny. That was sort of the subject of a YT video I made today. Basically the whole of my working life has corresponded to the decline of economic liberty for the working class and working poor, so I don’t really celebrate New Years. I expect every year to be worse than the one before.
Left and right will all blame everyone but themselves. Anything to not put in their own work or take current matters at hand.
both sides are the same lol.
get fucked. one tried to give us single payer insurance, you know, like a real country. the other gave us a child molester rapist con man and then let his cult followers smear shit in the capitol.
both sides are the same goddamn it’s so fucking ridiculous get fucked with a jackhammer
Not if said Dem actually does something about it. (Unlikely)
Problem is that, if we elect a Democrat, it will be a fabulously wealthy person with no empathy or understanding of the working class and working poor, so the likelihood that they will do anything about it is minimal. Remember when Obama had the balls to walk into Flint, pretend to drink a glass of water, and tell all of those people whose water had been poisoned that everything was a-okay? That’s what I mean. Zero empathy.
Not at all the same. That started as targeted tariffs as punishment for accusations of unfair trade. Tariffs have been frequently used in the past and targeted tariffs can be an important tool for specific types of trade issues. It did escalate into a trade war which didn’t help anyone, but with one specific country.
That’s not at all the same as widespread tariffs, including starting trade wars against important allies and trade partners
There might be a valid argument somewhere in there that constantly changing the trade policy is worse than keeping a bad one in place? Not sure the trade-off there though. If you know you have a certain tariff in place long term, you can work around that and the tariff can actually do the things it is intended to do. If the tariff changes on a whim, you can’t and the country just becomes a more risky proposition to do business with.
In my honest opinion, American exceptionalism should be dead and buried 6 feet under. And American patriotism and the American Dream should be revisited and revised and reformed
In my honest opinion, American exceptionalism should be dead and buried
Should be, but it’s such a deeply ingrained part of their national self image that it’ll take a few generations of consistent effort to make it fade away.
On the plus side, maybe the notion of American Exceptionalism will diminish a bit, which is long overdue.
And I have a pet conspiracy theory that this is intentional. American elites are secretly tired of exceptionalist sh*t and think it’s hurting them too. And thus have come up with a solution to return sobriety.
There was one of the conspiracy theories last year, that the goal was to disrupt trade enough to devalue the US dollar. Our shit would be cheaper on the global market and our salaries will be lower relative to other countries
Yes. Except this works only in dynamic, that is, while USD keeps devaluing compared to much of the world’s currencies and goods, that might help exports.
And also revitalize the economy by somewhat hurting speculative assets.
But IRL it’s a gamble, and those who have power keep power.
They already have. It takes 1.5 to 2 years for trade deals to be negotiated and then put into effect. In the coming years when these deals take effect, and trade is routing itself around the US as much as possible rather than through it, people in the US are going to learn a very difficult economic lesson.
On the plus side, maybe the notion of American Exceptionalism will diminish a bit, which is long overdue.
Hope is a powerful thing, and I fervently hope so!
As an American, I can’t wait for the lessons learned and the death to American Exceptionalism. I look forward to reaping everything we’ve sowed due to our shitty actions (or complete lack of action).
But also as an American I am bitter and don’t believe for a second that the 60-70% of people here that need to learn a lesson, will actually learn a lesson. I no longer believe things will change for the better within my lifetime. It sucks.
When you are too old to leave the country because you are too invested, not old enough to be dead before it gets really bad. So living through the next 40 years is going to be fucking grueling.
Kind of like elderly people in eastern Europe after the fall of the Soviet Union?
Kind of like elderly people in eastern Europe after the fall of the Soviet Union?
Funny. That was sort of the subject of a YT video I made today. Basically the whole of my working life has corresponded to the decline of economic liberty for the working class and working poor, so I don’t really celebrate New Years. I expect every year to be worse than the one before.
And they will all blame whichever Dem happens to be in the white house because they all have the memories of goldfish.
Left and right will all blame everyone but themselves. Anything to not put in their own work or take current matters at hand.
both sides are the same lol.
get fucked. one tried to give us single payer insurance, you know, like a real country. the other gave us a child molester rapist con man and then let his cult followers smear shit in the capitol.
both sides are the same goddamn it’s so fucking ridiculous get fucked with a jackhammer
Not if said Dem actually does something about it. (Unlikely)
Problem is that, if we elect a Democrat, it will be a fabulously wealthy person with no empathy or understanding of the working class and working poor, so the likelihood that they will do anything about it is minimal. Remember when Obama had the balls to walk into Flint, pretend to drink a glass of water, and tell all of those people whose water had been poisoned that everything was a-okay? That’s what I mean. Zero empathy.
More importantly, the last dem expanded on Trump pt I’s tarriffs.
Unless the next candidate acknowledges this, why would voters have any faith that candidate won’t be another Biden?
Honestly didn’t know that. Could you point me to a source where I can read more about it?
https://en.wikipedia.org/wiki/China–United_States_trade_war
2x Trump’s tarriff on solar panels, 3+x on evs, +25% on aluminum, batteries, and more
Not at all the same. That started as targeted tariffs as punishment for accusations of unfair trade. Tariffs have been frequently used in the past and targeted tariffs can be an important tool for specific types of trade issues. It did escalate into a trade war which didn’t help anyone, but with one specific country.
That’s not at all the same as widespread tariffs, including starting trade wars against important allies and trade partners
That’s the same bullshit justification Trump used. If the dems genuinely opposed with Trump’s trade war, they would have undone all his tariffs.
There might be a valid argument somewhere in there that constantly changing the trade policy is worse than keeping a bad one in place? Not sure the trade-off there though. If you know you have a certain tariff in place long term, you can work around that and the tariff can actually do the things it is intended to do. If the tariff changes on a whim, you can’t and the country just becomes a more risky proposition to do business with.
Thanks for sharing!
In my honest opinion, American exceptionalism should be dead and buried 6 feet under. And American patriotism and the American Dream should be revisited and revised and reformed
Should be, but it’s such a deeply ingrained part of their national self image that it’ll take a few generations of consistent effort to make it fade away.
And I have a pet conspiracy theory that this is intentional. American elites are secretly tired of exceptionalist sh*t and think it’s hurting them too. And thus have come up with a solution to return sobriety.
There was one of the conspiracy theories last year, that the goal was to disrupt trade enough to devalue the US dollar. Our shit would be cheaper on the global market and our salaries will be lower relative to other countries
Yes. Except this works only in dynamic, that is, while USD keeps devaluing compared to much of the world’s currencies and goods, that might help exports.
And also revitalize the economy by somewhat hurting speculative assets.
But IRL it’s a gamble, and those who have power keep power.
Trump using tariffs to balance trade of goods is out in the open. That should end exceptionalism. But they ignore services so it’s not entirely even.