The USA had no plans in place for farmers to sell their soya beans and corn after losing the Chinese market. Did Trump think about this before starting his trade war and now the tariff war? Now attempting to smuggle their soya bean products under the name as being Brazilian or Argentinian sourced items and getting caught.
The USA had no plans to put in place the manufacturing of consumer goods before starting the tariff war. Now, USA consumers are facing the stark reality that retail outlets are either running empty of things or prices rising steeply and getting out of control. USA relies not just on Chinese consumer product manufacturers, but also on Canadian and Mexican sources for most of its consumer goods.
The USA thought that outsourcing everything to others while they just keep printing money will ensure that its American dream will last forever. The USA never thought it necessary to open up rare earth mines, or refining logistics for them, preferring to push the ecological issues to others like China in the refining of rare earth. Having said that and knowing its fragility, the USA should not be throwing stones at others while living in fragile glass houses.
Now the USA is trying to bring back those industries when making things today are already so expensive in the USA, with added tariffs on raw materials like aluminum and steel. Who is going to pay for the rising costs, while Howard Lutnick is laughing all the way to the bank with a US$30 billion having been collected in tariffs so far and gloating about a US$50 billion a month tsunami. US$600 billion a year is peanuts compared to the US$4 trillions needed to cover the tax cut hole for the super rich.
The USA is cooked for sure and the world must thank Trump for pulling off the bankruptcy of the century.
Anonymous
3 comments:
No one knows better than Trump how to bankrupt everything that he touches - Trump Casinos, Trump University, Trump Mortage, Trump Shuttle, even products in his name he tried to sell all ended belly up. Trump truly has the Midas Touch in reverse that you cannot find in any other human being on earth.
The man is the Jack of all bankruptcies - bankrupting, businesses, casinos and every other venture. With his inherited wealth, he was able to continue to con people at will. Now even a country is in his hands to go belly up soon. This will be the bankruptcy of the century, another feather in Trump's cap.
Much had been prophesied already that Trump will be the last President of the USA during his first term - the 46th and last. Which means the USA was supposed to be cooked then, or in another sense, Trump will morph into a dictator ruling forever but not as President. No more Presidential election needed. That did not materialize. But it looks to be materializing today the way things are working out and Trump using National Guards and the military to secure cities slowly and discreetly for a fundamental change. The USA was supposed to be dismantled by Trump anyway, like it or not, first term or present term and the prophesy seems to be coming true.
For many around the world, that must be the best news ever of the breaking up of the rogue regime. And it was all self-destructing policies that led to what the USA is today. The American Dream has ended in dust, and many are even saying that USA is already a third world country, looking at the living environment, its homeless situation, drug problems and the unsustainable cost of living situation. It was a self-induced slow demolition job carried out by both parties, the Democrats and Republicans. The USA should stop blaming others like Russia or China for its predicament.
Let the mother of all civil wars begin: rednecks and hillbillies fighting each other, till death do them apart. They have the weapons to do it. The military industrial complex will have a last hurrah, not selling weapons to the world but to themselves for self destruction. Thank you Trump.
Whatever happened to the 'Be Prepared' teaching? Putting the cart before the horse by antagonizing others and then start looking forward to building up what is lacking is not the way forward. It is committing suicide.
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