eally interesting take — especially where you mentioned how services aren't properly factored into trade balance debates. That part’s so overlooked, yet it's a huge strength for the U.S. with tech and finance exports. Makes the whole “bring back factories with tariffs” thing feel kinda outdated, especially in a world driven by automation.
Also hadn’t really thought about the impact on 401Ks if foreign investment pulls back. That’s a solid point — trade wars can hit way closer to home than people expect.
Do you think the rise of BRICS and digital currency alliances could speed up the shift away from the dollar if the U.S. keeps pushing this isolation route?
I think the "secret strategy" that Trump is attempting, is while talking big about tariffs, I believe his real goal is to equalize and minimize tariffs, even eliminate them if possible.
By pushing tariffs up, it forces countries to test the rhetoric to see if he's serious. Yes, he's serious. Trump would put 1000% tariffs on China if need be - with the ultimate goal of settling on something mutually beneficial, like a modest 10% / 10% reciprocal. That's my theory anyway.
Yep, absolutely and actual threat, without allies you cannot win a trade war against China, BRICS, rest of the world will unite and continue trading, with minimal tariffs, even threatening the USD dominance in the long run, when investors will turn away from the US stock market because of tariffs, and lower export, growth potential of US tariff protected companies. Also innovation will suffer with protectionism. Shielding oneself from global competition cannot be good in the long run.
I hope so I want to have negative dollars and positive assets so i can watch it decrease in value and pay it back when its been debased a bunch more.