Implementing the tariffs has destroyed the US’ credibility as a trade partner.
They’ve doubled down with the tariffs on China.
Trump specifically has lost all credibility as a negotiator. Everyone knows he will fold if he can find a way out that allows him to at least say that he won.
Actually, the worldwide tariffs may have accelerated worldwide dedollarization. The world may move away from considering the American dollar the most safe and stable currency. That would impact the US’s ability to borrow by increasing interest rates for bonds, spiking the national debt. This is what is believed to have spooked Trump into “pausing” tariffs at 10% or whatever the fuck he’s saying now.
No.
Implementing the tariffs has destroyed the US’ credibility as a trade partner.
They’ve doubled down with the tariffs on China.
Trump specifically has lost all credibility as a negotiator. Everyone knows he will fold if he can find a way out that allows him to at least say that he won.
The damage will take decades to correct.
Actually, the worldwide tariffs may have accelerated worldwide dedollarization. The world may move away from considering the American dollar the most safe and stable currency. That would impact the US’s ability to borrow by increasing interest rates for bonds, spiking the national debt. This is what is believed to have spooked Trump into “pausing” tariffs at 10% or whatever the fuck he’s saying now.