Comment by TheAlchemist
7 days ago
I would bet that most of these tarrifs won't exist in <6 months. This reeks negotiation tactics from Trump.
He's been playing this game for 2 months now with Canada and Mexico, and so far he's loosing. US & business are loosing even more.
Keeping this kind of tarrifs, would be absolutely moronic even by Trump standards. That would be economic and financial suicide for the US.
This is not a game. Others will not take it as a game, and will retaliate. You can only play the bully for so long before others start treating you as a bully, and stop backing down, even after you have backed down -- as they never know when you are bluffing.
Doesn’t matter if they’re gone in 6 months. The damage is done, businesses will see the United States as too unstable and unreliable to plan long term goals in. We will pay the penalty for decades. Even if you get a new administration, that administration can be gone in another 4 years.
Oh on that we agree - the damage to US reputation and reliability is already done and it will take decades or a world war to repair it.
We will not be alive to see it restored to its former glory ever again.
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