Comment by DeathArrow
8 days ago
US says there was an imbalance in trade, and that is true only if we look at goods. If we look at services, I think the picture changes.
What if the EU and rest of the world starts adding taxes to financial and IT services provided by the US? What if Amazon cloud and Netflix start costing 20% more?
And let's not forget US is printing dollars which are being used for worldwide trade and the rest of the world subsidies their inflation and their economy through that.
Let's not forget US exported the 2008 crysis and most of the world payed for that.
I don't think US will like if the rest of the world stops using US dollars, stops using US financial services and stops investing in US economy by buying shares, bonds, securities.
Interesting what happens to tech valuation. A large part depends on global reach, 'infinite' scaling and a winner takes all probability.