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[-] yogthos@lemmygrad.ml 89 points 1 year ago

I really hope he does this. It would force countries to choose between G7 and BRICS, and the latter is where pretty much all the manufacturing happens making it indispensable. This would play out exactly the same way as trying to shut Russia out of the global financial system did, but on a far bigger scale.

The mere fact that Trump is floating this idea is an indication of panic as well. If the US wasn't worried then there would be no need to use coercive measure to keep people from fleeing dollar based system. These kinds of mob tactics that will further convince countries that they need to move off the dollar as quickly as possible.

[-] LeniX@lemmygrad.ml 56 points 1 year ago

I really hope he does this.

Critical support for Trump and the US' self-inflicted damage.

[-] SadArtemis@lemmygrad.ml 36 points 1 year ago

Agreed, honestly my reaction to seeing this was wondering- at what point does Trump deserve our (extremely critical and entirely circumstantial) support? Here he is basically threatening to free the world economy from the US empire.. lol

[-] yogthos@lemmygrad.ml 25 points 1 year ago

lol right, like don't threaten me with a good time

[-] ChuzaUzarNaim@lemmygrad.ml 49 points 1 year ago

I salute comrade Trump for his contributions to the vital process of dismantling American hegemony.

[-] miz@lemmygrad.ml 5 points 1 year ago
[-] ShinkanTrain@lemmy.ml 36 points 1 year ago

Is this what being pandered to by a policitian feels like?

[-] Vampire@hexbear.net 35 points 1 year ago

You think you are isolating various countries.

You are isolating the USA.

[-] bennieandthez@lemmygrad.ml 33 points 1 year ago

lol critical support for trump

[-] Aquilae@hexbear.net 30 points 1 year ago

Is trump the "harm reduction" candidate at that point lmao

[-] culpritus@hexbear.net 26 points 1 year ago

is-this Is this harm reduction?

[-] RedWizard@hexbear.net 22 points 1 year ago

Congratulations you just sanctioned yourself.

[-] nocturnedragonite@lemmygrad.ml 21 points 1 year ago

🙏🏿🙏🏿🙏🏿🙏🏿

[-] Rom@hexbear.net 19 points 1 year ago

I'm sure that will get them to move back to the dollar.

[-] SeeingRed@lemmygrad.ml 14 points 1 year ago

I assume this is an attempt to re-shore manufacturing, especially if as many of us expect, many countries choose to take the tarrif hit so that they can keep trading in their own currency between eachother.

It's a strategic bet, bring home some manufacturing while hurting those who defy the empire. It'll certainly reduce the availability of certain goods in the US as countries choose other markets. This likely would help to encourage some level of reshoring, or at least increase pressure from the ruling class to force more coups of other countries to force them back onto the dollar system.

Whether this will backfire or not will is something that is very hard to predict.

[-] aStonedSanta@lemm.ee 10 points 1 year ago

Aka. It’s bad policy.

[-] Rondomi@lemmygrad.ml 12 points 1 year ago

Would other higher-ups actually let him do something this foolish?

[-] cayde6ml@lemmygrad.ml 6 points 1 year ago

Apparently so

[-] TheWolfOfSouthEnd@lemmygrad.ml 11 points 1 year ago

The art of the deal.

this post was submitted on 09 Sep 2024
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