Given China is, so far, the only one to announce retaliatory tariffs, I fully expect the rest of the non-Trump world is colluding to layer on the impact...
Ursula von der Leyen's calling up Shigeru: "Ok, Shigeru-san, we announce Monday, you go Tuesday...I have word from the Aussies they're going to announce Wednesday"
Meanwhile in California, we are negotiating our own trade contracts with other countries. Is it unconstitutional? Yes. Is everything else going on unconstitutional? Also yes. Fight fire with fire.
How would that work? What would be the incentive for other countries not to tariff Californian goods?
I'm hearing talks of the EU considering using the Anti-Coercion Instrument if things escalate. They would go after your entire services industry and tech sector by putting restrictions on trade in services and limits on trade-related aspects of intellectual property rights.
Basically, Silicon Valley would be hit extremely hard if things continue to escalate.
Yes but it just so happens we have the largest port for Chinese goods and a very easy path for Mexican and Canadian goods. I don't know if it's even possible, but a deal outside of the fed, much like how our entire marijuana industry operates, would be really interesting.
We're in a caretaker position at the moment due to the upcoming election, so I don't think we could announce on Wednesday.
But there were enough countries on those boards that we could take a slot once the election is over in a few weeks. Our friendly neighbours (NZ) could probably fill in Wednesday for us.
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u/Due_Willingness1 2d ago
And this is only the beginning