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[quote=Anonymous][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]

The only way for Trump to enact this plan is to never have elections again. American voters will not abide by rapid tariff-induced inflation. Americans - especially voting Boomers - are fat and comfortable. The effort to onshore manufacturing will take 10-15 years.

The only real effect I see from Trump et al grand plan is to cede the global economy to China. Relative to the U.S., China looks incredibly stable.

And when you look at everything through that prism - “What’s best for China?” - Trump and the GOP’s erratic behavior toward allies and the economy start to make more sense.[/quote]

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