Trumps Tariffs
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If the interest rates continue to decline...
And exports increase, and manufacturing increases as well....
Then things will be OK.
Job changes will be coming. Robotics maintenance will be crucial for the upcoming decade. (For career opportunities)
So....if we can survive, the changes will be a definite positive. Exports increasing and imports drying up. Plus a reduction in in taxes for the middle class.
And exports increase, and manufacturing increases as well....
Then things will be OK.
Job changes will be coming. Robotics maintenance will be crucial for the upcoming decade. (For career opportunities)
So....if we can survive, the changes will be a definite positive. Exports increasing and imports drying up. Plus a reduction in in taxes for the middle class.
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Trump has 9 trillion in debt which is going to roll over this year and which must be refinanced as well as probably borrowing another 2 trillion. In order to pull this off he needs to lower interest rates. What he has done is calculate tariffs based on our trade imbalance. If countries buy US debt it will cause the trade imbalance to go down and therefore reduce their tariff. This is why there has been a rush to buy US treasuries and the interest rates have gone down on the treasuries.
Now think about this, he has wiped off $5 trillion from the world's stock markets and caused tremendous upheaval so that the US can pay their debts for one more year.
This would be like the neighbors doing work on their house that winds up costing you and all their neighbors tens of thousands of dollars each in damage to their own homes.
I don't "blame" Trump, he doesn't want the US to go bankrupt, that is understandable, however, the rest of the world is not going to put up with this kind of disruption.
Now think about this, he has wiped off $5 trillion from the world's stock markets and caused tremendous upheaval so that the US can pay their debts for one more year.
This would be like the neighbors doing work on their house that winds up costing you and all their neighbors tens of thousands of dollars each in damage to their own homes.
I don't "blame" Trump, he doesn't want the US to go bankrupt, that is understandable, however, the rest of the world is not going to put up with this kind of disruption.
According to the Canadian Prepper the total stock market loss over the last two days in all the world's markets comes to 10 trillion dollars. To put that into perspective one week after 911 the total losses in the stock markets was 1.5 trillion. Also, that was after a week, this is only two days. Also, China's response of equally high tariffs has not been calculated in yet. So this is very big, we aren't just talking about the US, we are talking about the world. I would point out that there are still things that could make this go worse like a war with Iran, China seizing Taiwan, nukes going off, etc.