Are you brainwashed by the media? Anything they put out? Trump is good for America. Bad news for Canada and Mexico and Europe. That is the idea. America first. MAGA
Zero-sum, is it? Then why is he playing up Russia and Putin, and sharing love notes with Kim Jong Un? All the while pissing on longtime allies?
Me thinks it will be the other way around. The US will force the rest of the world to find other markets. Then the US will have no one to sell all their expensive made in USA goods to. Right now the US imports over twice as much as it exports. Most likely because it costs less. The US consumer will pick up the cost. Don't know how MAGA will affect you as we don't know your situation. I guess it depends where you are on the wealth scale. If you are in the top %, you probably won't notice it much but if you are living from paycheck to paycheck I believe you're in for a world of hurt. The price of everything is going up.
Completely agree, but I think its worse than that as I have said before. If the US pushes people away, it also weakens the dollar status. Its essential for the US to survive that the world reserve currency status of the USD wanes, since it needs to bring production back home, but if the shift is too dramatic or fast, the economic fall out will be severe. The only reason why the US is so capable now is because it has been exporting inflation for decades. When the privilege to sell US debt around the world ends, US citizens will have to adapt to a much lower standard of living. It will be chaos.
Sounds like someone just regurgitating slogans Dr. Seuss publish 1941 “Those who don’t know history are bound to repeat it”
Actually when the dust settles and the tariffs have reached fairness then prices will come down. IN Trumps term. Hardly anyone seems to know why he is on this fast track hitting everyone as fast as he can with tariffs during his first year of his second term. I for one understand why he is doing this. Yes, it is upsetting to the world but so be it. They have taken advantage of USA for too long, and our liberals have helped them to do this. Trump is going to flip this equation for our good. Just wait and see.
You got it all wrong. The best thing we could do is get out of the reserve status monetary system. Take our blows and we will soon soar to heights we haven't seen in decades. Let the world Germany or China become the reserve currency status. We don't need it. That is what the liberal economists do not understand.