The 46% on Vietnam seems especially gratuitous.
Trump 2.0 official thread
- Thread starter siegecrossbow
- Start date
Vietnam cooked.
Vietnam's exports to the US are like 1/3 of their GDP, so I think they just nuked their economy.
To be fair they are just middleman trader for the PRC.
CPV probably was a bit worried that their younger generation were getting too pro-usa.
Wouldn’t the tariff just push Vietnam closer into China’s orbit, especially if the garments and textiles don’t get exempt?
You think Trump cared about that? Doubt he can tell Jungle China from China
Gonna laugh at all the people shilling Balance of Payment trade theories and it's been adopted by Trumpland to commit ritualistic suicide.
The previous stressors to the system + the collapse of US science and education is not to be underestimated.
People going to flee the US market and not come back for a long time as well.
Massive USD devaluation as well (big goal of Trump).
Think it'll be a sharp shock, then the economy just hums at <1% growth. Long term stunted growth for the next 30 years
The previous stressors to the system + the collapse of US science and education is not to be underestimated.
People going to flee the US market and not come back for a long time as well.
Massive USD devaluation as well (big goal of Trump).
The goal wasn't so much just to devalue the USD, it was to coerce/strongarm ROW into appreciating their currencies against USD while not running from the otherwise utterly rancid USD treasuries/securities etc. Hence the tariffs are just a tool to try and build up some leverage for the envisioned "mar a lago accord." Allegedly the tariffs would fund treasury to "make america manufacture again," based on the premise that some countries (China) would remain stubborn and import to USA despite the tariffs. This very stable, ingenious plan to undo all americas failures + undo all the rest of the world's successes depends on the rest of the world doing as Trump orders (that is basically the mechanism described in the original policy recommendation: Trump will order them and they will surely just agree).