Then next Trump would just threaten with tariffs again until the labeling had been removed. Then he'll threaten again for their oversized cars. There won't be an end to this.
WanderingThoughts
joined 3 weeks ago
I love that in Cyberpunk 2077 they're is often a channel on called "just ads". Of course in pure cyberpunk style those ads can be horrific.
With these things, it's not a continuous collapse. It partially recovers, then falls down again a bit lower than before.
It's why we have monuments everywhere, memorials and a few national holidays to reminds us.
Inviting his friends from Russia no doubt.
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.
In points, but not in percentage. At least not yet. But it sure seems to want to measure up to all major crisis and leave its mark.
"He was just being hyperbolic." they told themselves.
Nope, turns out he was "saying it like it is" about what he was going to do and the "I don't care about you" was the truth.
And the way he's talking about annexing other countries and changes opinion and policy on a dime is not a good sign to step into whatever scheme he finally unveils.
Rumour goes the idea is to force others to peg their currency to the dollar in fixed exchange rates so they can stay the reserve currency and still re-industrialize. Tariffs are used to force others into that arrangement. With how trustworthy USA has been the last few months, countries are not going to be enthousiast about this.
Companies are going to lay off loads of people and close any department that costs too much just to increase the stock price again. For investors stock price is everything and they don't care much about consequences.
USA stock market crashing means the dollar is getting less worth compared to other currencies, so anything imported gets more expensive in the USA, what is most items. Things getting more expensive means less people buying stuff, less economic activity so more layoffs.
All those layoffs means people can't pay back there debt. Trump doesn't care about people in debt and somehow makes it worse. Banks get in trouble. Trump cares about banks and big businesses so they get bailed out. Taxes on everybody else increases to pay for bailouts.
To distract from all this, Trump starts challenging China and it leads to war. Marshall law is called and Trump starts funneling more money to the military making things even worse.