China to impose 34% retaliatory tariff on all goods imported from the U.S.
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If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
The United States descends to the level of economic relevance as South Africa and the rest of the world continues as usual.
Trade tariffs can work if they are used as a scalpel, If they are applied very precisely and explicitly they kind of achieve the desired effect. Trump is just wielding them around like a mallet and is repeatedly hitting himself in the groin while everyone stands to save distance away and watches with mild amusement.
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If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
So a tariff is like punching the other guy but also punching yourself, only the US is doing that to a lot of people so all the other countries get hit a few times sure but the US is beating itself black and blue.
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If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.
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Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.
Can we please this time support the Communist and Socialist organizations that did armed protest in order to get those actual results? Can we please please learn from history and not allow the capitalist to continue to control the means of production? Because in another 100 years we'll be in the exact same place with the ruling class trying to destroy the social safetynets that only served as temporary measures.
We need a real systemic change in who deciding how the economy is run and who's interest it is meant to serve.
How long will we keep pretending a bunch of 20-30 year old white dudes in the 1700s had the best idea of how to run things?
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China buys American food, I think.
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Yeah, from my understanding China is only interested in it's own self growth. While the Belt and Road initiative has certainly been beneficial for the global south, especially when compared to Neo-colonialism via the IMF and World Bank, it's still ultimately for China's sake. They have no interest in promoting Chinese style Communism to other countries, at least currently. Whether that will change or not I don't know. Their current military aid towards the perpetuators of genocide in those conflicts is absolutely unacceptable.
What I want is an international organization where everyone has a vote and no one has a veto, where international law can actually be implemented instead of ignored. Where human rights violations documented by Amnesty International, HRW, Euro-Med Monitor, ect will be materially addressed by the global community regardless of who's committing the violations. To that end, I oppose all Imperialism, Colonialism, and Neo-colonialism.
I mean China sells to both sides. They don't really give aid in the traditional way. It's just about money. But yeah, it's pretty messed up just in a completely different way than what the west does.
And I agree with your ideals, but sadly that's definitely not happening in our lifetimes.
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If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
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In your exampke Cuba is the rest of the world, not a small backwater embargoed country.
No, The US takes Cuba's place, just as in their example.
The US in the past pressured the world to embargo Cuba, now the US is forcing the hand of the rest of the world to work without it. Different causes, similar-lish effects.
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This was his response. Very sane. Very calm. Not at all unhinged.
.../s
The idea that China "panics" can only be sold to the most gullible.
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Now that USA will spiral down to deep depression, it’s going to be much easier to get the people behind whatever plan comes next.
So, how about you build a new empire, invade neighboring countries, commit war crimes left and right, and start exterminating people who don’t fit your arbitrary criteria. Germany tried that and it everything worked out perfectly.
Oh, wait…
Well anyway. I’m out of ideas.
But the deep depression wasn't entered "willingly". Better justification for righteous anger back then.
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So now the US will have to watch out for Switch 2s and iPhone 17s beings smuggled in at the Canadian border along with the eggs.
Gaming consoles declared weapons of mass destr(a/)uction incoming.
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But the deep depression wasn't entered "willingly". Better justification for righteous anger back then.
People can be angry at Trump and that momentum could be utilized by the next candidate. Nah, sounds too elaborate.
You could just form an authoritarian dictator monarchy, and gun down anyone who disagrees. There are many countries that followed this path already.
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They could drop all tariffs tonight, but the inertia of new trade deals being made to circumvent the US is pretty strong. It will keep strengthening while the US rots on the vine because they’ve been geopolitically exiled for having revealed themselves to be governmentally retarded.
It's well understood by business people (at least by competent ones) that when you piss off a customer and drive them away, they stay away.
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I never said we got dumber we've been solidly morons since forever
Propaganda is a helluva drug
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Lol there is absolutely no way that is the case
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The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.
I hope one of the first things to change is the ridiculous Intellectual Property laws the US forced on the rest of the world. Those laws benefit the US at the expense of everyone else.
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So a tariff is like punching the other guy but also punching yourself, only the US is doing that to a lot of people so all the other countries get hit a few times sure but the US is beating itself black and blue.
As an example of that, Canada currently depends massively on trading with the US. US tariffs are devastating to Canada's economy.
But, over the last week or so, the Canadian dollar has done extremely well against the US dollar because for all the damage the US is doing to Canada, it's hurting itself so much more.
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Not a chance. China’s massive xenophobic approach to anyone non-Han Chinese will severely limit their potential.
Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.
There are plenty of economic and demographic problems to solve.
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The United States descends to the level of economic relevance as South Africa and the rest of the world continues as usual.
Trade tariffs can work if they are used as a scalpel, If they are applied very precisely and explicitly they kind of achieve the desired effect. Trump is just wielding them around like a mallet and is repeatedly hitting himself in the groin while everyone stands to save distance away and watches with mild amusement.
In addition, tariffs need to be seen as a rational thing that will be kept in place for a long period.
If Trump wants to bring manufacturing jobs back to the US, businesses need a minimum 5 year plan to buy or build factories, buy equipment, hire people, and so-on. That's a huge investment and a big risk. If the tariffs are cancelled before the factory is finished and orders start coming in, the investors might be out the entire amount.
Trump's tariffs are utter chaos. They're applied then removed, the value changes randomly. He's putting tariffs on US military bases and uninhabited islands. In that kind of environment potential investors are just going to convert their money into gold and wait out the chaos.
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Can we please this time support the Communist and Socialist organizations that did armed protest in order to get those actual results? Can we please please learn from history and not allow the capitalist to continue to control the means of production? Because in another 100 years we'll be in the exact same place with the ruling class trying to destroy the social safetynets that only served as temporary measures.
We need a real systemic change in who deciding how the economy is run and who's interest it is meant to serve.
How long will we keep pretending a bunch of 20-30 year old white dudes in the 1700s had the best idea of how to run things?
Because the examples where the capitalist were not in control anymore were so good for the average worker?
Replacing a system that fails in one country but essentially nowhere else on the planet, despite being dominant, with a system that failed every single time is not exactly reasonable.
