Between this and Treasuries spiking and the EU *removing* all tariffs on Chinese EVs we are on the cusp of the birth of a new world order. Imagine a global economy in which the U.S. has very little of the leverage Trump is using now. No state on earth wants to be his economic vassal. - ThreadSky

mims.bsky.social • 2 days ago

Between this and Treasuries spiking and the EU *removing* all tariffs on Chinese EVs we are on the cusp of the birth of a new world order.

Imagine a global economy in which the U.S. has very little of the leverage Trump is using now. No state on earth wants to be his economic vassal.

Reposted from MarketTwits

CHINA TO INCREASE TARIFFS ON US GOODS TO 125%

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dschatsky.bsky.social•2 days ago

First we squandered the economic supremacy we enjoyed for the last 80 years. Then we dismantled the remaining levers of our power.

psbdc.bsky.social•2 days ago

It’s all self-inflicted too … 😞

scottyd89.bsky.social•2 days ago

I understand Trump ( or I should say Peter Thiel ) wants Canada and Greenland because of their rare earth minerals, and oil, so cutting off your supply of rare earth minerals from China makes … perfect sense?.

legojames.bsky.social•2 days ago

Well, I guess it's a good thing they don't buy anything from us.

mims.bsky.social•2 days ago

This is Xi’s moment and he knows it

vagabending.bsky.social•2 days ago

Truly incredible that in a matter of less than three months, through sheer idiocy of Trump and the pure cowardice of congressional Republicans, we have been able to throw away 100 years of US power.

conjurial.bsky.social•2 days ago

There's a great deal of ruin in a nation (derogatory)

thatsoph.bsky.social•2 days ago

Frustratingly obvious outcome to many, many people

conjurial.bsky.social•2 days ago

Many people are in fact saying

mims.bsky.social•2 days ago

If you thought stuff would get expensive after tariffs just wait until you see how expensive it can get once the U.S. dollar is no longer the global reserve currency and the U.S. can no longer service high interest debt ballooned by cratering tax revenue

mikefulk.bsky.social•2 days ago

I think you’re exactly right. The world order is rapidly pivoting.

danibananica.bsky.social•2 days ago

This has been my fear since the start of all of this hoopla and I’ve kept hoping I was just being paranoid but…

wm899.bsky.social•2 days ago

I know confidence in the dollar is collapsing, but what could possibly replace it ?

jillianhanlon.bsky.social•2 days ago

Thiel and Musk have some crypto they'd like to sell you

tyronemund.bsky.social•2 days ago

my fear is that it will take a few idiot leaders to side with the states and to fulfill Trump's wet dreams of separating the world between the Haves and the Have Nots.
Like, US and Russia will form a trade alliance along with a few other despots/greedy morons.

chrisvonsimson.bsky.social•2 days ago

Do you have a preferred shortlist of scenario plans for that environment?

mims.bsky.social•2 days ago

emigrate? 🤷‍♂️

chrisvonsimson.bsky.social•2 days ago

I've done that once (uk->us).
All resolving scenarios are extremely difficult, expensive, and emotional for individuals, organizations, and countries... apart from the Congressional.

cdanuloff.bsky.social•2 days ago

If an enemy force, hostile to the gov’t and people, had invaded the US and was implementing a series of policies and actions to destroy and permanently harm both, what would they do differently from the Chump administration? Not much.

matthew98033.bsky.social•2 days ago

Thank the Christian God that Americans can't buy inexpensive, well made Chinese cars.

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