▲ | vesinisa a day ago | ||||||||||||||||
But is that really happening? If that was actually true, Trump would obviously have no leg to stand on. But what we have seen instead is exactly the opposite - countries are scrambling to strike "trade deals" with Trump no matter how terrible terms they get (like the one-way 15% tariff EU "achieved".) There is really no downside at all for Trump. If it actually starts hurting US economy at any point, he can easily just signal reversing the policy and everyone will let out a big sigh of relief and markets rebound. If it causes some long-term harm for US, he will be long gone by then. But if he is succesful in establishing a new US-first world order he will be forever remembered as one of the greatest American presidents in history. | |||||||||||||||||
▲ | AlecSchueler a day ago | parent | next [-] | ||||||||||||||||
Yes, it is happening, in both business and political spheres. You're maybe making the mistake of looking only at the very short term while forgetting how entrenched these systems are. There can't be overnight changes, right now the world has is forced to "play along." I'm not sure where to start with giving you sources for actions being taken because it seems that you want things to have already changed before you believe it. You've surely read any the strengthening of intra-EU defence arrangements? Things like that mean that in the future the US won't be able to bully for leverage like they are today. It's short term versus long term thinking. Also not sure what "actually starts hurting" the economy means. Is the hurt that's been caused so far not actual hurt? No true Scotsman economics. | |||||||||||||||||
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▲ | judahmeek a day ago | parent | prev [-] | ||||||||||||||||
The disentangling will be gradual & organic. It'll be the fear that the U.S. can shut down weapons they have sold that are used without the U.S.'s explicit permission. It'll be the fact that Trump raises tariffs over tech regulation & internal criminal cases. It'll be because few will consider the U.S. a reliable partner for trade & military support. It'll be because the U.S.'s own tariffs will raise the prices of American products & services to uncompetitive levels and what American brands don't suffer from such inflation will still suffer from association with the U.S. itself. Trump does have additional leverage in the fact that the dollar is the global reserve currency, but he's actively testing how much friction he can introduce into the global trade system before that changes. On that note, it's interesting that every country Trump has targeted for higher tariffs (China, Brazil, India) is a member of BRICS. |