Comment by boringg
4 days ago
Who wants to be a trade partner with the US these days? I honestly ask people who aren't fully indoctrinated or already have ties established?
Its a dependency that I have to think almost all countries/businesses are evaluating. How do you do business and set up long term supply chains in a country can't trust that the economic policy of today exists in 3 months, they are actively trying to undermine their currency and the system of law is under heavy pressure to the point of failure.
It is tough to be supportive of the United States under this administration or that the future state of the US will be more sound. Having their formally closest trade partner looking over to China for trade is a massive signal.
The trade off is the market is large and strong financial (availability of capital) foundation - but I fear thats changing.
Anybody who knows what a huge market US is, filled with tons of millions of people that spend big, even when financially unsound.
But an unstable market which is not what companies want
Faustian bargain.
It's a bit more than a quarter (25.6%) of the whole world's GDP, so pretty much everyone.
Non political leadership in the US is getting rattled. I don't know if you watched everyone freak out about WH targeting of the fed last week.
Rank and file GOP got rattled with that one.
Same reason everyone wanted to get into the China market. The size of the market and potential to make money.