It's Over Trump is single-handedly destroying US economic hegemony.
its over for usacels JFL
In more ways than just this. But despite everything, they deserve respect for having reached a level no other people were able to reach.
How fun
I don't really understand what he's trying to achieve. Originally I thought he was preparing America for a period of isolationism and non interference but he's still willing to defend Israel.
Death to America. Israel's number 1 lapdog. Good riddence.
Me neither.
Cuckservatives are on suicide watch. 
That's the real reason why anyone should've voted for him.
Long term this is good for American industries. Unfortunately it'll just be undone by the next piece of shit that gets into office.
B
Trump's an idiot, but at least he's better on shitskin immigration than Harris or any progressive. Thats the only reason why I bothered to vote for him.
They deserve it
yeah people don't understand but that's why he's doing tariffs, to revitalize national industry. It can work, but the lack of comparative advantage from foreign competitors means that there is a possibility that instead of growing American industries will just grow complacent from the decreased external competition.
"Economic hegemony" in this case means America's ability to exert control over everyone else and even with these tariffs and a shit US economy they will continue as hegemons because the dollar's prominence and hegemony is not going anywhere
For American industry to become competitive, it has to compete on price which means the US Dollar has to plummet in value. Its already plummeted in value a lot due to money printing, but it does anymore (which it will), you'll get even more complaining about inflation. Plus investors don't like these fluctuations so expect more treasury sell offs and portfolio diversifications away from the dollar. Expect China, Russia, and India to settle oil and other transactions in local currencies.
Other countries don't like weaponization of the US Dollar. They are already looking for alternative trade settlements in local currencies.
The problem comes that international reserves are all in dollars and it’s a currency with unmatched stability even in these more rough times especially when compared to BRICS currencies, even the Yuan (which is pegged to the dollar)
There is a political reasoning for de dollarisation but economics wise it’ll not happen in our generation and will only ever be a possibility if sovereign countries are willing to change their reserves from dollars to whichever new currency, which is very unlikely
The issue with this is the fact that local currencies aren’t as all encompassing as the dollar is. The fuck is Russia going to do with a reserve of Saudi riyals? It has way less purchasing power than the dollar and is more unstable, so it’s likely they’ll just use that to get dollars again.
It’s too entrenched for de dollarisation to happen in our lifetimes
These countries are buying lots of gold as substitute. They are decoupling from the US settling trade locally. China and Russia has practically become one. Brazil has stepped in America's place to substitute for China's agricultural needs.
China has already dumped so much of US treasuries. Have you looked at the US bond yield curves?
Russia doesn't need Riyals. They need Yuan for Chinese tech. This is about what countries primarily need to sustain their economies.
The Chinese Yuan, which is pegged to the USD and inherently has less value because China wants to export shit cheaply?
But US is too dependent on China and can't just decouple and cheap is good for China and its customers. To be a manufacturing base, American quality of life has to plummet a lot, not gonna happen. Americans have to work like Chinese sweat shop workers.
Tariffs might shield domestic industries in the short term, but they also raise costs for consumers and other American businesses that rely on imported materials or components. That hurts competitiveness overall.
Plus the idea that tariffs alone will revitalize industries ignores the fact that a lot of manufacturing decline in the US has more to do with automation and shifts in demand than just foreign competition. Without serious investment in innovation, infrastructure, and workforce training etc ariffs could just end up being a band aid that props up inefficient companies instead of pushing them to improve.
There is no coherent financial policy. Him and his cabinet are just fucking up
China similarly is too dependant on America since that’s their biggest and most profitable export market. Everyone is dependant on each other with the way current economies operate. Can de dollarisation and de globalisation of the economy happen? Yeah, but probably not in our lifetimes
Not if you bring down the Dollar's value!
America simply doesn't have the base for manufacturing anymore, nor the mindset.
Cheap is good for China but not good for the yuan as an an alternative currency to the dollar
Not anymore. China is diversifying away from the US.
Anyone with an ounce of geopolitical awareness knows it's an empire in decline, desperately trying to holding on
Already happening.
Its exceptionalism was lost when Germany and Japan reemerged with their post-WW2 economic miracles and then China's rise happened with lots of IP stealing. You cannot remain the hegemon without exceptionalism.
They never were solely based or dependant on America, this is just political posturing
The US is the worlds biggest and most profitable market. China is the worlds biggest exporter. They’re co dependent and will always be regardless of what politicians from either country say.
a loss for America is a loss for Israel and that's ONLY a good thing
That would be a nightmareNot if you bring down the Dollar's value!
Yes after After WWII the Yankees had a monopoly on global influence, but that window closed as Germany, Japan, and later China rebuilt. China especially has challenged US dominance not just with cheap labor but by building its own tech and trade systems.
Meanwhile the US has been hollowing out from within. Stagnant wages, decaying infrastructure, political gridlock, and a bloated military budget that doesn't translate to strategic wins. The world is slowly moving on from a US centric order, and the US is scrambling to keep its grip.
Wouldn’t it just make things more expensive because they’ll just buy it from other countries anyways instead of making it in the USA, and the pass the bill onto the consumer?
the whole point of the tariffs is to revitalize industry back to the USA
Is it working? I mean if it was cheaper to do all industry in the USA why aren’t we doing it already
Well, tariffs are used all the time to "protect" instead of "revitalize". It's too early to tell if it'll be effective but I'm fairly certain that the consensus is that it won't.
What’s the point of “protecting” American industries? Wouldn’t it be better for everyone to just go for the most efficient producer?
Dedsrs who cares if a steel beam came from America or Colombia if the Colombian one is simply a better product
It would for the consumer but not for the worker, as his job would have layoffs due to lack of demand for locally produced shit
Who cares about him bruh
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