I think we should expect the US to lose its reserve currency status if these tariffs continue and we should also expect its tax revenue to drop. The combination may make it more likely to see a US default on its debt as there will be less demand for its bonds around the world and less ability to pay high interest rates.

Seems unthinkable I know but we are in weird times.

If Trump doesn’t back down we may see a very interesting time in the US economy. I should point out that many oligarchs in Russia established themselves by making bold moves in the turbulent post Soviet times. This may be similar time period for the US where a new generation of winners emerge.

Are they really winning though or are they actually just rotting in a hell of their own making?

Something to consider. Money can't buy you love.