US President Donald Trump has said he may impose trade tariffs on countries that do not support his plans to take over Greenland.
“I may put a tariff on countries if they don’t go along with Greenland, because we need Greenland for national security,” Mr Trump said at the White House.
He’s already done that and as a Canadian I’ve not really noticed much difference.
But those countries that don’t agree with you taking over Greenland would be by definition in conflict with the United States. So I doubt there would be any trade happening anyway.
He really is a pudding brain.
Okay, have fun taxing your own people, you stupid fuck.
So every Americans access to capitalism’s goods is all a tool for trump to play his idiotic micropenis games with the world now. Capitalism wasnt great, but is this technically even capitalism anymore?
Dear Europe and Canada,
Please don’t kidnap our dear leader Shitler us Americans would be too sad to invade your territory if you did that. Pretty please…I meant please don’t take our favorite pedofile baby killing con man and take him to the hauge.
Thank you, American people
I bet this will totally bring down grocery prices!..
The international cabal of chicken farmers is really worried.
Fuck the US and it’s imperialist, expansionist bullshit. Tarrif whatever you want - no one wants to trade with your fascist country and countries are making other trade arrangements without the US.
Go ahead, I can’t wait to laugh when they sell all the US bonds and declare US copyrights and patents as null and void.
Unfortunately that’s probably not going to happen as doing so would destroy the global economy
(US Copyright is standardized to international copyright laws and the US Dollar is the defacto international currency with bonds being one of the way that keeps the currency strong.)
I think destroying NATO and triggering WW3 might be a bit destabilising to the global economy too
US dollar won’t be the international currency for long.
Current trend puts that not till the next century soo
I wouldn’t take anything for granted. War has a way of changing things.
USD counts for about 58% of global currency reserves. That’s the largest by far to be sure, but far from the only relevant one, and the ratio has been steadily trending downwards (though interestingly, it hasn’t been the euro it lost ground to).
Indeed it has been going down but the trend puts the rate at losing its status turn of the next century. So for all intents and purposes blowing up the currency would have negative ripple effects economists would want to avoid.
Great reason to keep funding the new Nazi regime…
It’s not obviously but that is the danger one faces by just going full Scorched earth in the US.
Blame the Cold War Era politicians who thought it be a good idea to make America the defacto capital of the world economy.
“They children will reap what we have sown.”
Who does?
?
So everyone then?
Yeah, no. You know what? I think we’re better off without the US at this point.
As someone in the US, I think Americans are better off without the federal government at this point.
As a Californian, I’ll happily tell the fed to fuck all the way off.
Long Live Cascadia!!!
You might be onto something.
The global community has agency, and it should really start to create plans for things like getting currencies off of the US dollar.
It is, from moving away from fossil fuels to bilateral trade being done in local currencies (back in the day America would just bomb you, but the dog has lost some fangs) and gold/silver stocking, but it’s a gradual process. The dollar just needs to be highly devalued, I’m sure it’ll continue being the global currency for many many years but not at this price point.
I feel ya, but the Trump administration expects that the global, local, and market response will be gradual. As soon as they start seeing quick responsive volatility that impacts Trump or his cronies, they TACO.
Given what’s happening with Venezuela, Greenland and the Fed Chair, I don’t know we’re not aggressively talking pulling out of US bonds and setting investment policy around that. That doesn’t have to be a gradual thing, it can happen swiftly.
People naturally started backing out of US bonds when Trump’s crazy tariffs started rolling out, and the Trump admin totally wussed out on a lot of that stuff.
Also, if the world is going to stop pegging their currencies to the dollar, they need to stop buying US bonds first. They need to diversify.
Agreed.
Still doesn’t know how tariffs work I see.
Except it keeps working
That’s why I am terrified that he is in control of nukes.
He doesn’t seem to mind inflicting pain on Americans as long as it leads to the result he wants. Mutual assured destruction doesn’t sound so bad if you make a few bucks, maybe bet against the stock market first.
Man is a child and when you only have a hammer every problem is a nail.
Kinda seems that the whole rest of the world should just join BRICS or something. Tariffs ain’t gone mean much if the rest of the world just shrugs and keeps progressing their global economy without you.
BRICS intends to be just as bad if not worse. China and Russia in particular. Their hostility towards the US way of doing things isn’t because they actually think what the US is doing is wrong, it’s because they want to be the ones doing all the bad things the US is currently doing, they feel like the US economic and political dominance is stopping them from being able to do many of these bad things (which is true) and they believe it is their right to do whatever bad things they want to do, which may be true (obviously the US has gotten away with it for decades), but that is still not a point I am willing to concede. Turning to BRICS means conceding that point and letting them do whatever bad things they want to globally. And they will.
The EU is far from perfect, and they have a lot of work to do, but they seem like the only reasonable economic path forward for anyone that wants to at least try to respect human rights and behave in a civilized manner at this point.
Or the EU depending on geography and preference. Either is more desirable regardless.
I would rather the countries without concentration camps just work together instead of cozying up to some flavour of fascism and authoritarianism.
The countries without concentration camps often fully support and back these concentration camps, like the West and America. Come on.
And he may put tariffs on you anyway, so that’s a wash and you may as well do what’s right. If your country doesn’t push back, he’ll come for you sooner or later. Mark Carney take note.
The strategy of appeasement didn’t work for anyone.
I’m guessing that reasoning is why he’s been trying to get our economic relationship with China back to what is was before Trump’s first term. It’s a shitty choice to have to make, but when the US is by far your biggest trading partner, you have to diversify where you can.
Is it even that shitty of a choice? I’m just an American who’s never been to China, but right now they really seem to be the better place to live…
It’s still the same party in charge that decided to use tanks to run over student protesters. China only seems more stable right now because protesters would have all been rounded up into the re-education camps a long time ago.
The dictator for life, espionage, and social credit situations are not good.
But they’re a lot more reasonable than Trump.
“Reasonable” is not the word I’d use. “Predictable” is more apt in my opinion.
He’s basically admitting that his plans may be foiled if other countries don’t support him.
And they won’t. Tariffs are a much better alternative than risking world war 3. Also the US is already tariffing the shit out of most of the world’s goods anyway.
