The solution isn't hard. Japan, and everyone else, needs to cash out their US treasuries, collapse the US (and global) economy, and then quickly work together to rebuild it without the US.
Not as much as you might think. The US doesn't produce anything the world needs (that isn't produced elsewhere) it has no natural resources that don't exist in abundance elsewhere. What it has is money, military might, and a glutinous consumer economy.
Maybe. But rebuilding a collapsed global economy that previously was built around selling things to the country with a lot of money and glutinous consumers is hard. In general, everything is harder than one initially thinks. But especially this.
Itβs going to happen sooner or later anyway. Your customers canβt buy everything on credit indefinitely and the US taking on additional debt to give a tax cut to people who horde instead of buy is as good a trigger as any.
...while the media hyper-focuses on Biden's health, I hope there are journalists that are investigating all the "side deals" that the "president" is negotiating for himself and how his "friends and family circle" may be benefiting from his "tariff threats"...
To a certain extent tariffs cut both ways. The US is a consumer nation. US dollars sent to Japan are used to buy US bonds. Restricting flow of dollars will increase long term bond interest rates.
Comments
Trumps version. Dhhghgd z bccbdhfn xzdvx b I bseryuujjb
The U.S. side, led by Bessent and Nutlick, called Friday's talks "frank and constructive."