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Reply to "China Suspends Export of Critical Rare Earth Minerals"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As dumb as this trade war is maybe we could have won it if we had allies. We made enemies out of Canada, Mexico and Europe, regardless of one’s political affiliation how can we survive with this level of stupidity? [/quote] I doubt we've made enemies out of them. They are, however, now well-aware that the U.S. isn't going to be a predictable market for their goods at low tariff rates unless they offer the same for American goods. Likewise, protectionist strategies for local industries will have to be reconsidered.[/quote] The US has definitely burned a lot of goodwill and it’s only early days in the Trump administration. The US may not have made enemies but it’s definitely losing friends. This goes far beyond trade issues. It’ll be hard to anticipate some of the consequences and they won’t necessarily be reversible. Take my home country, Australia. An anti-Trump backlash now means the incumbent labour government may be returned to power with an outright majority in our May election, negotiations for a free trade agreement with the EU are now suddenly being resumed after they failed two years ago, and there is a lot more talk about a pivot to Southeast Asia. This sort of thing is probably happening everywhere and it’s not the sort of stuff that will be unravelled if Trump isn’t around in four years. [/quote]
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