this post was submitted on 06 Nov 2024
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No Stupid Questions

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[–] _bcron_@lemmy.world 8 points 1 week ago* (last edited 1 week ago)

I'm hoping. Last trade war, Trump basically rolled out of bed one morning and decided to try it on China as some temporary transient thing in order to convey that the US has a lot of leverage (and it blew up in our faces), which is an entirely different beast than unilateral tariffs as part of fiscal policy. I have no clue how much it'd cost to just subsidize everything in perpetuity but I hope it isn't some ridiculous sum.

He'll probably do something like allowing us to sell semiconductors to foreign nations in exchange for dropping tariffs on agricultural exports which is also really fucking boneheaded. The art of the deal, giving away the only shit that has lots of value for us. China outpacing the US in tech is something Europe wouldn't want, but if we cut ties with Europe they'd probably warm up to China and we'd become a really big insular nation that can't even sustain its economy as is