I'm also an American. And I am frankly livid about the tariffs.
ilinamorato
joined 2 years ago
Oh, to be clear, I don't think the US has been dethroned on the world stage in terms of being the largest single elephant in the room. It's just that the weight between the US elephant and all the other elephants (combined) has evened out quite a lot.
These tariffs might well do a lot to swing that even further.
You're very kind, thank you.
They will if the conservative media machine falls apart and they start actually seeing reality.
It's possible...someday...maybe...
Yeah, the US has a lot of economic weight to swing around, but the world has also spend the decade (!) since Trump was first elected finding other business outlets and generally needing the US less, meaning that the relative weight of the US and the rest of the world has normalized significantly. The EU is stronger, China is stronger, Canada is stronger. The US withdrawing from the world economy would hurt everyone, but it would hurt the US a whole lot more than everyone else.
"Trust in" him? What kind of cult nonsense are you trying to pull? (hint: I already know what kind, it's the flavor-aid kind)
He failed to sell alcohol and beef to Americans
The only thing harder to do is to fail at selling sub-prime mortgages before the 2008 recession
which he also did
Ok. The bottom line is, either it "won't do all that much"-- meaning it won't affect prices, it won't affect the economy, it'll be basically useless--or it will be disastrously expensive for ordinary people. There is no other option. The "disastrously expensive for ordinary people" is the only thing that will cause any amount of the change Trump promises: it's the mechanism by which the plan operates.
There is no option where companies just eat the tariff costs, or countries pay them. Maybe a few scattered companies and countries do, but by and large, not a chance.
Every country in the world needs all the other countries more than all of the other countries need it. There's just no real leverage, because we're all interconnected; you can snip one country out, and it'll slightly hurt everyone, but it'll wreck the country that was snipped out.
Prompt: "How do I completely tank the global economy? fastest route, avoid freeways"
Boy, that is a great visual and a fantastic burn. I'm going to be stealing that, thank you.
He made Mattel print a deck for him that just says "TARIFF" on the card backs.
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Anyone who's watched Trump for any length of time shouldn't be at all surprised by this. Just ask the five Black men who wrongfully spent years in jail for the 1989 assault of a jogger in Central Park, before being exonerated in 2002 due to DNA evidence and a confession by the man who actually did it; because a full fourteen years after their release from prison, Trump maintained that they were guilty (and probably still does).
The man is biologically incapable of apologizing or taking responsibility for his actions.