USA is already losing the tariff war as it undermines the American economy, and hasn’t helped their trade deficits much.
When EU finally decides to put tariffs on American services, because USA continue with their shenanigans, then USA will have a trade deficit for real.
Because the trade deficit on goods is vastly outweighed by the surplus on services.
Even if they have a deficit, it is basically free, because they can pay for it with dollars they print themselves, because the USD is the global reserve currency.
But Trump is ruining that too, since “liberation day” where Trump introduced his tariffs, the use of the USD as a global reserve currency has dropped, some claim by up to 30%
All USA is doing is undermine the power they used to have. Everybody threatened by USA are in talks with each other to increase cooperation.
EU, Canada, Australia, UK, Japan, are making deals to cooperate around USA including on military.
The Gulf countries are now negotiating with China on economy, which will potentially be the end of the petro dollar. And they are looking to Europe especially Ukraine for defense equipment to replace American equipment.
South American countries have been working with China for years, and USA subsidizing Argentina will not change that.
USA is making themselves irrelevant, the Iran war has shown their military is a paper tiger, that cannot protect their allies, and they are pulling key defense equipment out of Japan and South Korea to aid in the Iran war. Making all allies unsure of the value of cooperating with USA. Japan participating in the EU SAFE program is an extremely clear indicator of that.
So whatever USA decides, will have very little bearing on the rest of the world. Because for USA, the train has already left the station, the ship has sailed. The world has lost patience with USA, and are now only idling in their relations with USA, while they all seek to strengthen other relations, for both financial stability and military safety.
It’ll be good for consumers worldwide. America is not the whole world.
I, for example, am in Canada. We’ve established a bunch of very nice trade deals with China recently, we’re going to end up with access to a bunch of Chinese products that Americans can’t get due to their self-imposed trade war with China.
funny how the news stop talking about the tariffs when it was still going in the us, im guessing continually reporting about trumps tariffs is actually go to hurt the republican plebs and companies. and i notice alot of products are more expensive or stopped being offered online shopping.
I think they mean that the US would put trade pressure on countries doing any tech trade with China, not specifically preventing it punishing American companies from using Chinese chips.
Unfortunately the United States is still a big economy regardless of their politics and Manny is right that the US would throw their weight behind anti China policies to the detriment of other nations.
How successful such a move would be is up to debate.
The US is already trying to throw its economic weight around bullying Canada, and we’ve already settled in to an effective economic defensive posture. Those trade deals with China are actually part of it, previously we were supporting various American initiatives to tariff China but the Americans tore up a bunch of agreements with us so we responded in kind. It’s unfortunate but they started it and we’re prepared to hold our own.
Luckily it seems to be making Europe and Canada stronger as well. Putin can weaken the US all he wants, but as long as Europe and Canada are not just standing around with their hands in their pockets, doing nothing, it wont benefit russia too much.
specific on tech, remember huwei phones it was all the rage as alternative to google and iphones, and samsungs. and then the compares got scared and lobbied for thier bans.
Until America decides to tariff anyone using Chinese technology.
USA is already losing the tariff war as it undermines the American economy, and hasn’t helped their trade deficits much.
When EU finally decides to put tariffs on American services, because USA continue with their shenanigans, then USA will have a trade deficit for real.
Because the trade deficit on goods is vastly outweighed by the surplus on services.
Even if they have a deficit, it is basically free, because they can pay for it with dollars they print themselves, because the USD is the global reserve currency.
But Trump is ruining that too, since “liberation day” where Trump introduced his tariffs, the use of the USD as a global reserve currency has dropped, some claim by up to 30%
All USA is doing is undermine the power they used to have. Everybody threatened by USA are in talks with each other to increase cooperation.
EU, Canada, Australia, UK, Japan, are making deals to cooperate around USA including on military.
The Gulf countries are now negotiating with China on economy, which will potentially be the end of the petro dollar. And they are looking to Europe especially Ukraine for defense equipment to replace American equipment.
South American countries have been working with China for years, and USA subsidizing Argentina will not change that.
USA is making themselves irrelevant, the Iran war has shown their military is a paper tiger, that cannot protect their allies, and they are pulling key defense equipment out of Japan and South Korea to aid in the Iran war. Making all allies unsure of the value of cooperating with USA. Japan participating in the EU SAFE program is an extremely clear indicator of that.
So whatever USA decides, will have very little bearing on the rest of the world. Because for USA, the train has already left the station, the ship has sailed. The world has lost patience with USA, and are now only idling in their relations with USA, while they all seek to strengthen other relations, for both financial stability and military safety.
It’ll be good for consumers worldwide. America is not the whole world.
I, for example, am in Canada. We’ve established a bunch of very nice trade deals with China recently, we’re going to end up with access to a bunch of Chinese products that Americans can’t get due to their self-imposed trade war with China.
funny how the news stop talking about the tariffs when it was still going in the us, im guessing continually reporting about trumps tariffs is actually go to hurt the republican plebs and companies. and i notice alot of products are more expensive or stopped being offered online shopping.
I think they mean that the US would put trade pressure on countries doing any tech trade with China, not specifically preventing it punishing American companies from using Chinese chips.
Unfortunately the United States is still a big economy regardless of their politics and Manny is right that the US would throw their weight behind anti China policies to the detriment of other nations.
How successful such a move would be is up to debate.
The US is already trying to throw its economic weight around bullying Canada, and we’ve already settled in to an effective economic defensive posture. Those trade deals with China are actually part of it, previously we were supporting various American initiatives to tariff China but the Americans tore up a bunch of agreements with us so we responded in kind. It’s unfortunate but they started it and we’re prepared to hold our own.
its what putin wants to isolate and weaken the US,.
Luckily it seems to be making Europe and Canada stronger as well. Putin can weaken the US all he wants, but as long as Europe and Canada are not just standing around with their hands in their pockets, doing nothing, it wont benefit russia too much.
America already decides to tariff countries regardless of what they’re doing
specific on tech, remember huwei phones it was all the rage as alternative to google and iphones, and samsungs. and then the compares got scared and lobbied for thier bans.
US tariffs hold no power anymore these days.