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0 sats \ 2 replies \ @Solomonsatoshi 16 Mar \ parent \ on: Trump’s False Tariff “Fairness” Argument econ
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States
Look at the substantial trade deficit USA has with almost all of its major trading partners!
Mexico Canada and China export ~ 505, 412 and 438 billion to US in 2024.
$1355 billion x ~ on average across the board say ~ 20%= $270.1 billion tariffs income.
That's a lot of debt servicing capacity- bringing the empire back from the brink of insolvency...in the short term at least until the consequential costs hit.
Even more if you hit the EU (605b imports 2024) as Trump has suggested he will.
He is a man on a mission to prevent the imminent insolvency of empire USA.
This is why we have Bitcoin. To manage risk and 'pivot' away from the United States (and its debt and inflation specifically).
Why would foreign countries buy US bonds... when they can buy Bitcoin instead?
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Yes Bitcoin certainly provides a useful neutrality and mobility of capital and wealth.
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