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0 sats \ 0 replies \ @Solomonsatoshi 9 Apr \ parent \ on: China announces 84% retaliatory tariffs on US goods econ
An American-Made iPhone: Just Expensive or Completely Impossible?
https://archive.ph/V4AET
USA cannot manufacture most things at a globally competitive rate- from smartphones the warships US supply chains are bloated, inefficient or non existent.
Over 50 years of petrodollar 'endless' fiat money printing and debt accumulation living beyond your means have their consequences.
Trumps tariffs are a desperate gamble to cut imports, increase government revenue and regain solvency as debt rollover looms.
USTs are no longer seen as a safe haven.
The two biggest holders of USTs have just been hit with unlawful and unjustified 104% and 24% trade tariffs.
Great way to anger and alienate those you are dependent upon to sustain your massive debt mountain Donald.