The Unfolding Fallout of an Unhinged US
Canada, and Mexico, the USA’s two largest trading partners have been attacked with tariffs and sanctions, Canada is going to become a new US state, so too is Greenland apparently.
China, that holds $750 billion in US Trade Bonds (effectively holding the actual reins for US economic decisions) has been hit with tariffs over 200% or 75%, or 152% or whatever number it is today. Australia get’s a 10% whack.
NASA activities getting shut down, Women’s Health Initiative offices (ones that support cancer patients, dementia and more) to close, an already decrepit roads and bridges infrastructure country will see public works programs cut because, some guy that bought an electric car company off two inventors thinks that’s also a good idea.
The EU circle the wagons and China pretty much shrugs its shoulders, deciding what it might do instead – sell US Bonds causing the collapse of the US economy (probably not until they’ve secured some more business elsewhere in the world) but one thing China does have in spades that the US needs is rare earths for batteries. And computer chips – let’s not forget those. So that card is bound to be played pretty soon just as a nice reminder to the Trump offices.
Tourism bookings to the US have dropped by around 60%, especially since the ‘target any foreigner for deportation’ gang have started arresting tourists both at the border and inside the country.
And no we’re hearing hints of trumpian like ‘policies’ offered up in Australia’s election campaign (3rd of May).
How will this all end? Sadly for my friends in the USA, poorly
The immediate needs of farming families are obvious. Feed to keep stock alive, someway of holding onto their farms under the stand-over tactics of some banks, and Rain. Donations can fix the immediate short term to an extent but they cannot fix the long term trajectory. That requires difficult conversations and an acceptance of the…
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