Trump obviously has forgotten about the tariffs already in place against China and India, which are already far above that 25%. The diarrhea is so bad that Trump seems to have forgotten about the tariff percentage already imposed on China, which is certainly more than 25% give and take the duration of the truce. For India, it is already officially at 50%, with another 500% to be imposed for buying more Russian oil. So, what sense can we make over the threat of a 25% tariff to be imposed on countries trading with Iran? The man just plucks numbers from the air and does not know what he is doing or talking about.
As China is deadly serious about decoupling from the USA, Trump is just making the decoupling faster, so what is left of the trade with USA is going to tank. China does not fear tariffs even at 1000% if it does not wish to export to the USA, right? As for India, it is already doomed with the 50% tariff already on. How much can India hope to export to the USA with the 50% tariff in place. It cannot realistically be about removing the 50% and now threatening a 25% tariff in replacement. The only plausible reason may only be that it is a step taken out of Trump's 'Art of the Deal', lol. A foot shooting step that had already been used extensively.
How about the USA also imposing a secondary tariff of 25% on countries now trading with China and India, the two countries doing big deals with Iran? That will really kill off the US$ and encourage de-dollarization even more rapidly.
Anonymous
2 comments:
Trump already lost count at the start of his tariff war. Out of 193 countries in the world, he claims that 200 are lining up to kiss his arsehole. That must include the penguins and polar bears.
A year later, we were told that 150 countries stayed away from Washington, with even the few cronies that took up his offer failed to agree after negotiating. In desperation, Trump issued extortion letters to those who stayed away, but they just ignored the letter and allowed their dogs to poo on it, lol. Now what? More tariffs, more extortion letters and now the dogs can poo more often. After all, MSM newspapers are no longer read and subscribed to, like The States Times.
The go-ahead, stop, backtracking is getting monotonous. Trump lost count. People lost count. The penguins and polar bears lost count. What is next?
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