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0 sats \ 0 replies \ @0xIlmari 31 Jan \ on: What do you expect to happen in regards to the possibility of tarrifs? AskSN
I think it's going to be a mix of:
- Using them as threat and never actually meaning to implement.
- Implementing them punitively for unrelated issues (the Mexico one seems to be a case of this, tarrifs for imigrants). These will be short to mid term and change based on international politics.
- Genuinely as a trade war weapon, to protect US businesses and rebuild the US industrial base.
I wonder though, is Trump aware of this simple chain:
Tarrifs > Reduced imports into US > Reduced US trade deficit > Less dollars exported abroad > Weakening of the "mighty Dollar" as world reserve currency