A good list of the problems of tariff policy in the attempt to reindustrialize America. I suggest
framing any such discussion by reminding readers who and what caused the deindustrialization in the first place.
The deindustrialization of the US has been going on for forty years. The rust belt in the heartland alone extends from the Great Lakes to Pittsburg and down to the Gulf. Both the previous Trump and Biden administrations acknowledged it implicitly in their slogans. It takes enormous financial power to move the core industries of the last remaining superpower to another continent. Yet, few of us ask, “Who did this?” Instead, we want to believe that it was just an accident of history.
As you pointed out, the answer is: the globalist financial elite - only they had the financial clout, and a brief look at the historical record identifies them and their enablers - starting with Kissinger and Rockefeller in the Nixon opening to China over forty years ago. And they moved our industrial economy to Asia and other offshore lands for the usual reason - higher profits - following their historical pattern.
Because those offshore investments are still delivering, it should raise the question: what could possibly motivate the financial oligarchs to rebuild the economy of a dying superpower? Certainly not any imaginable tariff policy. The banking elite have permanently moved on to greener pastures.
What do these greener pastures look like? These days, one requirement of a profitable industrial economy is high speed rail crisscrossing the nation linking all major cities. Oh gee, the only one in existence happens to be China. How did that happen? Do you think our "friendly" globe trotting banking elite might have had a hand in that?
I'm glad to see the NGOs go. Not only because of the 🤬 fraud, waste, grift & woke. Many, if not all, were CIA "regime change" fronts. 😠This undercuts a big chunk of their funding.
"ordered the CDC to stop culling chickens like psychotic bird executioners in a psychedelic slasher movie."
If only he valued the lives of brown babies as much as hens....
"Two tiny, remote Antarctic outposts populated by penguins and seals are among the obscure places targeted by the Trump administration's new tariffs.
Heard and McDonald Islands - a territory which sits 4,000km (2,485 miles) south-west of Australia - are only accessible via a seven-day boat trip from Perth, and haven't been visited by humans in almost a decade"
At a global level, estimates by Professor Simon Evenett suggest that nations across the world could fully compensate for loss of the US market within 4 years. Some nations will do so quicker than others, due to differences in their economic structures and trade exposures to the United States market. For Evenett, these estimates are based principally on the compensating effects of the organic growth in trade that each country enjoys with others, other than with the United States. I have previously argued that in addition to organic growth, with fiscal measures and conscious coordination of policy responses, including via enhancing bilateral and multilateral trade institutions, it is conceivable that full compensation can be achieved for most countries in even less time than Evenett estimates.
Because the US is playing an ever-diminishing role in global trade, and because nations can achieve managed adjustments within a not unreasonable period of time, the Americans really don’t - to borrow a phrase that President Trump has popularised - have many cards at all.
A good list of the problems of tariff policy in the attempt to reindustrialize America. I suggest
framing any such discussion by reminding readers who and what caused the deindustrialization in the first place.
The deindustrialization of the US has been going on for forty years. The rust belt in the heartland alone extends from the Great Lakes to Pittsburg and down to the Gulf. Both the previous Trump and Biden administrations acknowledged it implicitly in their slogans. It takes enormous financial power to move the core industries of the last remaining superpower to another continent. Yet, few of us ask, “Who did this?” Instead, we want to believe that it was just an accident of history.
As you pointed out, the answer is: the globalist financial elite - only they had the financial clout, and a brief look at the historical record identifies them and their enablers - starting with Kissinger and Rockefeller in the Nixon opening to China over forty years ago. And they moved our industrial economy to Asia and other offshore lands for the usual reason - higher profits - following their historical pattern.
Because those offshore investments are still delivering, it should raise the question: what could possibly motivate the financial oligarchs to rebuild the economy of a dying superpower? Certainly not any imaginable tariff policy. The banking elite have permanently moved on to greener pastures.
What do these greener pastures look like? These days, one requirement of a profitable industrial economy is high speed rail crisscrossing the nation linking all major cities. Oh gee, the only one in existence happens to be China. How did that happen? Do you think our "friendly" globe trotting banking elite might have had a hand in that?
I'm glad to see the NGOs go. Not only because of the 🤬 fraud, waste, grift & woke. Many, if not all, were CIA "regime change" fronts. 😠This undercuts a big chunk of their funding.
"ordered the CDC to stop culling chickens like psychotic bird executioners in a psychedelic slasher movie."
If only he valued the lives of brown babies as much as hens....
This substack has good analysis of regime charge architecture
https://open.substack.com/pub/marisaurgo/p/understanding-resistance-part-1-breaking?utm_source=share&utm_medium=android&r=50k8e
Thank you for this
Would love your thoughts on this, kind sir. https://shorturl.at/SU89t
I certainly do agree with the headline; however, I don't sign up for free trials. Thanks though.
I do have 1 problem with Trump's tariffs. What about the Penguins? What did they ever do to us???
https://www.bbc.com/news/articles/cly8xlj0485o
"Two tiny, remote Antarctic outposts populated by penguins and seals are among the obscure places targeted by the Trump administration's new tariffs.
Heard and McDonald Islands - a territory which sits 4,000km (2,485 miles) south-west of Australia - are only accessible via a seven-day boat trip from Perth, and haven't been visited by humans in almost a decade"
Trump will fail. Get out now.
At a global level, estimates by Professor Simon Evenett suggest that nations across the world could fully compensate for loss of the US market within 4 years. Some nations will do so quicker than others, due to differences in their economic structures and trade exposures to the United States market. For Evenett, these estimates are based principally on the compensating effects of the organic growth in trade that each country enjoys with others, other than with the United States. I have previously argued that in addition to organic growth, with fiscal measures and conscious coordination of policy responses, including via enhancing bilateral and multilateral trade institutions, it is conceivable that full compensation can be achieved for most countries in even less time than Evenett estimates.
Because the US is playing an ever-diminishing role in global trade, and because nations can achieve managed adjustments within a not unreasonable period of time, the Americans really don’t - to borrow a phrase that President Trump has popularised - have many cards at all.
https://open.substack.com/pub/warwickpowell/p/never-look-a-gift-horse-in-the-mouth