If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
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You see, when the US pisses on the rest of the world, the rest of the world gets wet - But when the rest of the world will piss on the US, the US will drown.
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.
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.
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 at a safe distance away and watches with mild amusement.
Imagine everything currently produced on earth loses about a third of its efficiency/affordability and a large chunk of everything has shortages/unavailability for the next 30 years.
Now imagine with the loss of trade relationships diplomacy slowly returns to that of the dark ages and a new era of war begins.
Things we take for advantage are peace and prosperity.
Umm no the rest of the world can trade with each other just fine it's just trade involving the states that will be hindered.
Yeah I misread the prompt as if everyone put up tariffs lol.
Look at Cuba. Now look at the US. Now look at Cuba again.
Okay, now image Cuba but without the public health care, housing, jobs programs, and mass transit.
I don’t wanna look away from Cuba 😭
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.
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?
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.
Especially in everything related to security, like army, navy, space. If we can't trust the USA when we need to use the weapons we bought, what's the use buying them in the first place.
This is really shooting thyself in the foot, you can't just walk back from that disaster.
60 years ago there was no fox news and social media. These morons will forget in 2 months let alone 2 or 4 years.
The American electorate dumber than a bag of rocks
Talk to really old people sometime, we haven't gotten dumber. Maybe more tolerant of dumbness.
I mean, you'd need a fair election to ever happen again for that.
Who's gonna benefit from all this extra taxes? Public services will sky rocket in 2025!
People with lots of money to buy low.
It will be used to bail out companies, who struggle to financially survive. The money will go to the higher managements though.
So government controlled companies.
...
Ah, so no change.
The change is that companies will use this to commence the massive layoffs once again citing hard financial times but still pay the execs the same big bucks
Public services will sky rocket in 2025!
Elon Musk laughing
No they won't.
With USA committing political and economic suicide, the road is now clear for China to become the world dominating power.
I just hope they will take a graceful approach to their role, when nobody is in a position to oppose them.
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.
Better to be a Black guy in China than a Black guy in the US.
Depends...
I would say: Blue Jurisdiction in the US > Tier 1 City in China (Beijing, Guangzhou, Shenzhen, Shanghai) > Red Jurisdiction in the US.
But then you also have to factor in the reach of the government. You can't criticize the Central Government of China, likewise, nowadays, you cannot criticize the Federal Government of the US. (Also, don't have tattoos, authoritarians hate it)
Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.
Only applies to "Liberal" cities. A conservative town in the US could potentially be worse than a Tier 1 City in China.
Xi got China to #1 world superpower 24 years early!
Without a war.
Congratulations China.