Posted on 04/04/2025 5:33:52 AM PDT by Oldeconomybuyer
FRANKFURT (Reuters) - With the ink still fresh on U.S. President Donald Trump's latest batch of tariffs, some are already bracing for what may come next in his effort to strong-arm trading partners into doing his bidding.
As the epicentre of the financial world and the issuer of the global reserve currency, the United States has a number of levers that Trump can pull to coerce other countries, from credit cards to the very provision of dollars to foreign banks.
While deploying these unconventional weapons would come at a large cost for the U.S. itself and may even backfire altogether, observers say such doomsday scenarios should not be discarded.
This would be particularly true if tariffs do not succeed in reducing the U.S. trade deficit with the rest of the world - an outcome many economists see as plausible given the fact that near-full employment in the U.S. has led to deep labour shortages.
"I could well imagine that Mr. Trump...grows frustrated and he does try to implement wacky ideas, even if the logic for them is not there," said Barry Eichengreen, professor of economics and political science at the University of California, Berkeley.
(Excerpt) Read more at msn.com ...
IMHO, yesterday’s Tariffs (Liberation Day) on hundreds of nations is one of the steps to a new PM-backed financial/currency system.
Many steps led up to yesterday, in a wide swath of areas. Like the ‘Capitulation Tour’ (2017), and Basel III.
A future step will be Project Sandman, where the target nations of the tariffs “revolt”, and sell US Treasuries in a coordinated effort to take down the Petro Dollar reserve currency.
There will be an unsettled time of financial vacuum, which PM will be ushered in to fill. Hence, the Golden Age.
Remember the color of the escalator Trump/Melania were on in 2015? Yep, gold.
Scare article for maximum clicks. Not worth reading.
“an outcome many economists see as plausible given the fact that near-full employment in the U.S. has led to deep labour shortages.”
Where's the “labour shortage” at?
Has Reuters ever heard of AI which is going to take over most jobs in the near future and has already started doing that?
What of robots?
Mister Musk says, “Hello” on both counts.
I’d blame the labor shortage on low wages. The big corporations are looking for cheap labor and selling their employees out to overseas slaves, or immigrants. They are slowly reducing their customer base along the way. But those at the top will get their million dollar bonuses, so it’s ok.
BTTT
WHEN THE FINES FOR HIRING ILLEGALS SET IN, THOSE BIG BONUSES WILL VANISH.
IF you consider $20+ an hour with benefits a low wage for a fast food clerk -—GOT need to fun your own business
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