The economy has been crashing more and more as time goes on but Trump’s plans sounds like they’ll push things into new a level.
The economy has been crashing more and more as time goes on but Trump’s plans sounds like they’ll push things into new a level.
It’ll be terrible for the whole world which will have to adjust quickly to the collapse of the US Economy.
Many developing countries run large trade/current surplus with the US, even if Trump doesn’t place tarrifs on these countries, the decrease in demand in the US from economic collapse alone would compress their imports from China and Oil Exporting Countries.
Even short term look at how Trump merely mentioning tarrifs even before he became president resulted in capital outflows from global south countries.
The rest of the world needs to disconnect itself from the US if they are going to have any hope of a better future. I don’t want to discount the pain that would create but the longer these countries depend on the US the worse the pain will be.
You say that like there’s not a gun (the US military) to their head though.
[brics has entered the chat]