2025-01-23
Has Trump overreached himself?
Does picking a fight with President Putin bring peace in the Ukraine any closer?
Does imposing tariffs on the BRICS solve the problem of the weakening US dollar?
Set against Trump's history of coming back from the brink, these moves look odd. Nevertheless, he isn't negotiating with the opposition here, he is more likely setting the mood music for the guidance of US opinion.
"Everything that Trump's doing is just completely contradictory"
So, perhaps he is just making a lot of noise that the BRICS know amounts to very little ... but maybe elements within the US do not.
Or perhaps his primary target is China, whose current exports to the US are probably too large for them to lose on day one to tariffs, so they may need to reduce their prices temporarily whilst they seek alternative markets (and the US seeks alternative suppliers) - nevertheless the prices paid for such imported goods by US consumers would likely rise to some extent.
" ... that's not going to happen because in order to reindustrialise, you have to take down Wall Street ... you can serve the financial sector or you can serve the manufacturing sector, they are antagonistic, you cannot have both ... "
See what you think ...
(1 ht 55 minutes)
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