Wasn't Trump supposed to end the Ukraine war within 24 hours of him taking office? What happened? It is now six months since he took office, and the war is still raging. Now he is threatening Putin with 100% tariffs if Putin does not stop the war within 50 days. Now, I am sure that 50 days will be extended by another 50 days. Trump is well known for chickening out.
By the way, what is Russia now exporting to the USA that Putin must be sweating about the 100% tariff? I only know Putin is exporting missiles that have been landing in Ukraine, causing massive destruction, nothing much more than that, LOL.
According to reports, Russia exports to USA amounted to about US$3 billion, in essential items like nuclear fuel for USA's power plants. Russia is also still supplying LNG to Europe and if a push by Trump using heavy handed measures on Europe manages to cut that off with 100% tariffs, Europe will suffer much more than Russia. Russia can do without the USA in this sector. Putin is not going to pee in his pants. China is building nuclear power plants like crazy and needs lots of nuclear fuel.
I could also not help thinking about Trump gloating about USA going to supply 17 batteries of Patriot interceptor missiles to Ukraine. How many missiles can 17 batteries hold? Are they going to be effective against Russia's hypersonic missiles is the question. If the USA is in a position to make missiles en masse for Ukraine, why not supply them to Israel earlier, instead of transferring 20,000 interceptor missiles from Ukraine? With that transfer out of Ukraine, I think Putin saw his opportunity to unload his drones and missiles on Kyiv over the last couple of weeks.
Tariff is such a big, beautiful word that Trump discovered and is using it as a weapon now to make USA great again. While China is building bridges to control essential metals with ASEAN, particularly Indonesia, Trump is sending out letters of demand to countries to announce his big, beautiful tariffs on them.
Instead of doing more constructive things to save the USA, Trump is besotted with his tariff thing. Talk about Nero fiddling while Rome burns.
Anonymous
2 comments:
Trump is correct to believe that he is god send...to destroy USA. The good old day of good American president is over. God appointed Trump to speed up US decline. So please let Trump do his work, we may see a little bit of chaos to the world. But the light is at the end of the tunnel (not an approaching train light) once Trump finish his job.
A little bit of chaos in exchange for a fairer multipolar world is worth the price to pay. Why keep the US$ hegemony when it is doing so much harm to the rest of the world, printing money to feed its war machine to start wars, using the US$ to sanction countries and exporting USA inflation to the rest of the world.
The USA is the mother of all counterfeiters, printing money at its whims and fancies with its US$ hegemony. It could just print and spend, print and buy goods produced by other countries and still claim it is being ripped off. What a load of hogwash thinking that everyone else is stupid.
The fact that countries are not buying USA treasuries and bonds is testimony to its coming problem of keeping the game going. Joe Biden was not overly concern with BRICS during his term. Trump is now realizing that BRICS de-dollarization is not just a harmless threat to the mighty US$, but a problem he has to deal with. Just the start of this year and we have seen the US$ bond market crippled by lack of buyers, while the US$ value has fallen by 10% in just a few months against other currencies.
It is so ironic that the USA is so short of rare earth elements that it has resorted to buying from countries discreetly under the table - South Korea and India, which had now been discovered by China. The USA may have the money, but China holds the rare earth logistics and refused to sell them to the USA. Money is not the mover in this case and China must make sure its bargaining chip is not compromised.
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