This is the key difference between Smoot-Hawley and today. The rest of the world has not suddenly forgotten the lesson, and even as they retaliate against the US they're not abandoning trade with each other. www.nytimes.com/2025/04/06/w... - ThreadSky

jacobtlevy.bsky.social • 18 days ago

This is the key difference between Smoot-Hawley and today. The rest of the world has not suddenly forgotten the lesson, and even as they retaliate against the US they're not abandoning trade with each other.

https://www.nytimes.com/2025/04/06/world/europe/trade-trump-tariffs-brexit.html

Comments

jjbrainstorm.bsky.social•18 days ago

I would love to see our Prime Minister Mark Carney lead a global trade restructuring effort.

One that will minimize damage by the US and perhaps even benefit some smaller lesser known nations.

There is an opportunity here to build something more efficient and equitable.

siliconopolitan.bsky.social•18 days ago

I'd genuinely welcome Canada, Mexico, Puerto Rico, Panama and more into the EU.

alefbetsoup.bsky.social•18 days ago

hopefully this will radicalize people in the US and around the world in favor of free trade

russ741.bsky.social•18 days ago

Once we've sorted our shit out, we're gonna need their help to recover.

cooleyecolorado.bsky.social•17 days ago

#trumpdepression Smoot-Hawley, GOP treason

susanmct.bsky.social•18 days ago

We’re being shunted to the side in many spheres now and won’t be the center of the world’s attention anymore, and Trump LOVES being the center of attention. So I know he is somehow personally making bank on the chaos. When all of this shakes out I’m really “looking forward” to the stories about how.

dillietaunt.bsky.social•18 days ago

USAxit
Amxit
Murcaxit
Usoniaxit
Insanitexit
Dementiexit
Destroxit
MAGAxit

sailbarque.bsky.social•18 days ago

When does the rest of the world decide to ditch the dollar? And if they do, will Trump declare war on everyone?

bryanquinn1981.bsky.social•18 days ago

Rest of the world remembering that the answer when its mother chided “If your friends jumped off a bridge, would you jump, too?” is “No, I don’t have to do it just because they did, especially if it’s really dumb and unnecessary.”

kay4bluetexas.bsky.social•18 days ago

Other countries are boycotting us already. It's not even been a week - surely more will follow.

jacobtlevy.bsky.social•18 days ago

A hole has been blown in the middle of the world trading order but at least for now the donut around the hole remains intact.

kshay.com•18 days ago

The Munchkin Doctrine

octavianiv.bsky.social•18 days ago

How much of an opportunity does this provide for China in your eyes?

trudheim.se•18 days ago

The opportunity for China (and most of Asia) is huge. This is tantamount to the USA walking away from a table full of money-bags because they don't like the colour of the bags or the legs on the table.

wastelandrover.bsky.social•18 days ago

Trump feels like other countries cannot live without US goods and will come crawling at any price, and I feel like that is not the case.

tattooed-thornback.bsky.social•18 days ago

Even if we couldn't live without US products the US can't have a fully internal supply chain. US has to import a lot of things and now they're more expensive. Who can afford a $3500 iPhone made in the US?

Comments

Posting Rules

Reply