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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous]Excellent read. The tariffs are part of a bigger master plan by Trump, Bessent, and Miran to rejigger the global economy: https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/ However, the plan is fraught with risk and has a high likelihood of blowing up in their faces.[/quote] Interesting. But it’s not the 1950s anymore. Today we are consumers for low quality goods from China and services that we mostly provide so I don’t see that we have the leverage Miran seems to assume. And a recession will only reduce that leverage. It’s also clear that our trading partners are furious and already retaliating. And graded tariffs for military protection assumes a correlation between a trade relationship and our national security. [/quote]
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