We have a trade surplus with the UK, which already only averages 1% tariffs - so that's some limited upside right there. And it sounds like we'd maintain 10% tariffs, so...woo?
Taking this from X:
"We got the rest of the world to do the lowest value, lowest profit margin, most capital intensive, and most cyclical parts of economic activity.
And in exchange, they gave our companies the cheapest priced goods in the world to resell and thrive off of. Which then gave our companies the time to pursue the actual high value parts of economic activity (you know, like Silicon Valley, Wall Street, military R&D, etc).
And all we had to do was give them IOU’s for an imaginary currency unit that we would only ever pay them back in worthless real terms in, if we ever repaid them at all."
Steve, the Bible says that God is not a respector of persons, so even though I would agree with the broader point that you are making, Trump's hubris would not be the only sin that will ultimately take America down. We, as a nation have many, none of which has a remedy in sight, at this point. God sets up and takes down kings, or leaders of nations, but He also considers the nation as a whole in terms of their national sins, Trump only being one of the 330 million of us.
Well, of course he is. I didn't read your post that way, though. It seemed as though you were putting too much of the onus on Trump to carry the weight of that for the country.
We have a trade surplus with the UK, which already only averages 1% tariffs - so that's some limited upside right there. And it sounds like we'd maintain 10% tariffs, so...woo?
Taking this from X:
"We got the rest of the world to do the lowest value, lowest profit margin, most capital intensive, and most cyclical parts of economic activity.
And in exchange, they gave our companies the cheapest priced goods in the world to resell and thrive off of. Which then gave our companies the time to pursue the actual high value parts of economic activity (you know, like Silicon Valley, Wall Street, military R&D, etc).
And all we had to do was give them IOU’s for an imaginary currency unit that we would only ever pay them back in worthless real terms in, if we ever repaid them at all."
Details on US-UK "deal"
—100k UK cars face a 10% tariff instead of 25%
—0% tariff on UK jet engines & plane parts
—0 tariffs on UK steel/aluminum
—UK makes a $10B purchase from Boeing
—UK reduces ethanol tariffs
—Mutual reduction of beef tariffs
—All other US tariffs stay
Update: it's not even a real agreement but a 12-month temporary arrangement. What a crock...
Steve, the Bible says that God is not a respector of persons, so even though I would agree with the broader point that you are making, Trump's hubris would not be the only sin that will ultimately take America down. We, as a nation have many, none of which has a remedy in sight, at this point. God sets up and takes down kings, or leaders of nations, but He also considers the nation as a whole in terms of their national sins, Trump only being one of the 330 million of us.
I am speaking of hubris as a national sin, but Trump as leader is accountable to God also.
Well, of course he is. I didn't read your post that way, though. It seemed as though you were putting too much of the onus on Trump to carry the weight of that for the country.