Summary
Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.
Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.
Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.
Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.
I am entirely confident that you don’t understand the full implications of the vacuum of power that this will create.
I’m entirely confident that nobody fully understands that.
So, you’re biggest issue is other nations might step up to replace the Imperial States of America?
My biggest issue as that it very well could be Russia or the PRC
Why? Its not like the US is much better than either… All three nation states are rather evil.
I guess the best could be said about China, because at least they don’t generally engage in genocide as commonly as the other two.
Uighurs: exist
Also Uighurs: currently being culturally and ethnically cleansed by China in a rather systematic fashion
I said “not as commonly as the other two”… The US has been engaged in myriad genocides, across the globe and domestically, as has Russia. China just does it less.
I mean hell, China got their Uighurs genocide plan from the US’s post 9/11 “counter terrorism”.
And let’s not forget the Tibetans either.
Oh no! A multi polar world, what will become of us if we don’t have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can’t do, and who dies for their profit.
Multipolar arrangements are unstable and will soon shake out into another hegemony.