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Trump threatens a 100% tariff on BRICS countries if they abandon U.S. dollar (www.nbcnews.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

Headline is a bit inaccurate. "If they use anything other than dollar" is the quote.

While neocon colonial handlers have been making the west puppets fall over themselves over offering more war, there was already a strong division in the world.

Trade prevents wars. The world becoming more divided will make the US more isolated, and anger the low hanging fruit of dealing with decline. Investment outside of the US and its influence have already taken off. This posturing is not significantly different than the path the Biden administration set on, but there is a matter of style that will cause the US colonies to choose between dignity and extreme ever subjugated diminishment to US control and profits, even as the US itself causes its own decline.

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[–] [email protected] 2 points 3 weeks ago* (last edited 3 weeks ago)

Except corn, which is heavily subsidized in the US.

(I suspect the primary motive is to provide an alternative fuel for the war machine, sadly. But corn is also useable as local transport fuel and even food, which is nice.)

I'm in favor of additional subsidies to support local manufacturing of critical products, to protect the local population against the whims of the global market.

I'm not a huge fan of tariffs, but in theory tariffs can get the same job done. And I'm willing to concede that a balance between subsidies and tariffs might be the sweet spot for practicality, or might be a necessary a step on the journey to pragmatic people centric policies.