Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too.
On the plus side, maybe the notion of American Exceptionalism will diminish a bit, which is long overdue.
And I have a pet conspiracy theory that this is intentional. American elites are secretly tired of exceptionalist sh*t and think it’s hurting them too. And thus have come up with a solution to return sobriety.
There was one of the conspiracy theories last year, that the goal was to disrupt trade enough to devalue the US dollar. Our shit would be cheaper on the global market and our salaries will be lower relative to other countries
Yes. Except this works only in dynamic, that is, while USD keeps devaluing compared to much of the world’s currencies and goods, that might help exports.
And also revitalize the economy by somewhat hurting speculative assets.
But IRL it’s a gamble, and those who have power keep power.
And I have a pet conspiracy theory that this is intentional. American elites are secretly tired of exceptionalist sh*t and think it’s hurting them too. And thus have come up with a solution to return sobriety.
There was one of the conspiracy theories last year, that the goal was to disrupt trade enough to devalue the US dollar. Our shit would be cheaper on the global market and our salaries will be lower relative to other countries
Yes. Except this works only in dynamic, that is, while USD keeps devaluing compared to much of the world’s currencies and goods, that might help exports.
And also revitalize the economy by somewhat hurting speculative assets.
But IRL it’s a gamble, and those who have power keep power.
Trump using tariffs to balance trade of goods is out in the open. That should end exceptionalism. But they ignore services so it’s not entirely even.