United States | News & Politics

2832 readers

987 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

[email protected]

121

Trump Has Already Botched His Own Bad Tariff Plan (www.theatlantic.com)

submitted 1 month ago by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

Could it work? Like the original plan, this is not a good one by any means. Attempting to negotiate new trade deals with almost every country and territory in the world, some of which are uninhabited, poses a formidable diplomatic challenge. (Do penguins have a trade representative?) There is very little in Trump’s record to suggest that he’s going to pull it off. The fact that he is freezing domestic investment decisions in the meantime and risking stagflation or a recession is going to undermine his leverage rather than increase it.

We’re the ones who are waging a trade war against the entire planet. Attempting to intimidate all other countries at the same time is a bit like a school bully walking into the cafeteria and announcing that everybody has to start handing over their lunch money on an ongoing basis. The strong-arm method is best suited for one-on-one negotiations, rather than giving everyone an incentive to band together in self-protection.

you are viewing a single comment's thread
view the rest of the comments

[–] humanspiral 1 points 1 month ago

surprise unjustified attack on whole world simultaneously with complete crackhead formula

It's also an attack on multinational political donors from US. And an attack on whole US economy.

There's some political commentators who justify this as long as it creates certainty. "These are now the immutable rules to do business". Outrage at craziness gives hope of reversal. There is no way anyone in the US is placing orders from countries with high tariff rates in last 2 days, or next week until chaos is reversed. 300 points a day drop in S&P will reverse it one day.