this post was submitted on 03 Apr 2025
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I agree with most of that.
The thing is, other countries don't want to see a slowdown in trade, so there's absolutely a chance that they'll be more willing to make deals with the US in exchange for reduced tariffs. In the short term (again, like you said, could be years), there will be reduced demand, which will hurt markets, and I wouldn't be surprised if conservatives get slammed in elections in the next 2-3 years since the pain will likely still be fresh. I don't trust Trump to actually make those deals though, especially since so many other countries seem to hate him.
We'll see though. It's going to suck if he sticks to his guns and keeps tariffs going in his apparent plan to revitalize US industrial capacity. I'm not sure why we want that, but that seems to be what he wants.
Unfortunately i think it's the same old extortion we've seen before. Trump Jr already posted "I wouldn't want to be the last country to cut a deal", so I guess we will see more if this. Ukraine stood up against it, I hope the rest of the world does to, but I'm afraid most wount.
They probably won't, but I guess we'll see. Trump is certainly playing with fire here, and that doesn't make me feel great as an American.