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50 sats \ 0 replies \ @rootmachine 23 May
Just read the CNBC article and WOW!!
This is going to ripple hard. A 50% tariff on all EU goods is no small tweak - it's a straight-up economic nuke aimed at our biggest trading partner. Starting June 1, if this goes through, expect serious price hikes on European imports from cars to cheese.
Politically for us Europeans, it smells like a re-election play: tough talk, trade war vibes, “America First” rerun. But economically, it’s a big big gamble.
Anyway be sure that Europe will hit back, guaranteed. Could hurt US exporters, especially agriculture and tech sectors. This isn't 2018; the global supply chain is already brittle post-COVID and ongoing wars - especially the Ukraine one. Inflation is still hovering, and this move could reignite it.
For Bitcoiners and stackers: this is another signpost on the road to de-dollarization and unstable fiat policy. The more unpredictable and politically-driven fiat trade policy gets, the more sound money makes sense. BTC doesn’t play geopolitics.
Stay sharp, keep stacking! 🚀
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