r/WallStreetbetsELITE • u/str8shillinit • 18d ago
MEME Doug Ford says U.S. plans to introduce ‘global tariff’ on April 2
https://www.ctvnews.ca/toronto/article/doug-ford-says-us-plans-to-introduce-global-tariff-on-april-2/Be prepared, this hasn't hit CNBC yet today....
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u/needaspguy 18d ago
Trump assumes that a global tariff will allow him to play every country against every other country so he can pick and chose by industry the best deal (or who pissed him off the least). He hasn't put the work in though to understand the repercussions to the US economy. Nor has he considered the impact on US exports which will exasperate the world wide frustration.
He is going to make this a very painful exercise in economics 101. Despite that pain, I will really enjoy watching this blow up in his face. American arrogance, and ignorance will at least be knocked down a few pegs to something close to tolerable!
Now is not the time to be negotiating for a better tier of trade with the US. We need to be colluding with other countries to price fix the US into "max pain"