It’s Canada, Japan, the EU, and our other former allies retaliating against the US trying to use absolutely asinine and ham-fisted tariffs as a cash grab/shakedown by engaging in strategic retaliatory fiscal policy.
This is actual 4D geoeconomic chess. Because if orangeboi doesn’t listen and they keep going, the USD standard goes away.
Of course it’s not strange. It’s not even necessarily retaliation! It’s just smart business. The US is not reliable or stable, and the dollar is not reliable or stable. Neither are good investments right now.
I mean it IS retaliation though. It’s retaliation for thinking absurd tariffs are a great idea to apply to one’s allies.
And please do note that some particular countries who were until very recently considered geopolitical adversaries by our government (Russia; Belarus) are NOT targeted by any of the tariffs.
This is what happens when you switch teams, and all of your allies are not a fan of you switching teams, and they don’t want to be tied to your currency standard anymore.
Oh absolutely. Perhaps “necessarily” isn’t the right word. But the point is that even if you were somehow perfectly neutral (or worse, supportive) toward this horrifying shift in geopolitics, you still wouldn’t want to invest in the US dollar.
Reposting:
It’s not fucking “strange”.
It’s Canada, Japan, the EU, and our other former allies retaliating against the US trying to use absolutely asinine and ham-fisted tariffs as a cash grab/shakedown by engaging in strategic retaliatory fiscal policy.
This is actual 4D geoeconomic chess. Because if orangeboi doesn’t listen and they keep going, the USD standard goes away.
Of course it’s not strange. It’s not even necessarily retaliation! It’s just smart business. The US is not reliable or stable, and the dollar is not reliable or stable. Neither are good investments right now.
I mean it IS retaliation though. It’s retaliation for thinking absurd tariffs are a great idea to apply to one’s allies.
And please do note that some particular countries who were until very recently considered geopolitical adversaries by our government (Russia; Belarus) are NOT targeted by any of the tariffs.
This is what happens when you switch teams, and all of your allies are not a fan of you switching teams, and they don’t want to be tied to your currency standard anymore.
Oh absolutely. Perhaps “necessarily” isn’t the right word. But the point is that even if you were somehow perfectly neutral (or worse, supportive) toward this horrifying shift in geopolitics, you still wouldn’t want to invest in the US dollar.