Trade War Without Ammo

Donald Trump has started a full-blown trade war with his tariffs on both allies and others. He claims that “a trade war is easy to win”, but nothing could be further from the truth, and frankly Trump’s simplistic view is tiresome and dangerous. I have a good grasp of what the short-term effects of this trade war are likely to have here in the U.S., but beyond that, my understanding of macro-economics is sketchy. Fellow blogger Erik Hare, on the other hand, is an economist and therefore understands far better than I what is likely to happen on the global scene. Please take a few minutes to read Erik’s assessment of the current situation. Thank you, Erik, for your keen insight and for allowing me to share this post.

Barataria - The work of Erik Hare

The trade war is definitely on, no matter how Wall Street wants to deny it. Serious investors have downplayed recent events as part of a grand strategy, a negotiating tool that will all work out in the end. The reality, that there isn’t really a good strategy in place here but simply petty tactics, has not sunk in yet, at least in America. But the rest of the world knows better.

For the purposes of this discussion, the European Union will be diminished to Germany. After all, this is the economic engine that powers the continent right now, and Merkel’s leadership is critical. Where is Germany going? The long and short of it, the strategic and the tactical, is to the east. This response is proof enough that there is no US strategy which makes any sense.

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18 thoughts on “Trade War Without Ammo

  1. The Trade War is another example of Trump’s demolishing any credibility and respect that the USA once held. It seems that every time he opens his mouth or puts pen to paper the disasters continue to mount…with no end in sight. I appreciate Erik Hare’s post, it presents the fallout of this Trade War in terminology that is clear and concise. Thank-you!

    Liked by 1 person

    • Thanks Ellen! Yes, I have said, and not necessarily in jest, that his aides should duct-tape him to the potty and give him a faux cell phone so he thinks he is tweeting. He is a danger to the world and a huge embarrassment to the U.S. and its citizens, though some 40% of those citizens take joy in his crass foolishness.

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    • Much as some would like to isolate themselves from the rest of the world, short of a nuclear war, globalism is here to stay. Nations can no longer afford to take the path that Trump and his minions would like to take, of being fully independent. Cooperation is far better than isolation, and diplomacy beats the hell out of war. Cheers!

      Liked by 1 person

  2. It just keeps getting worse and no one that can….is stopping him! Thank you for today ‘s post. Thank you also for sharing Erik’s post on trade, as well! Very helpful! Unfortunately, trump is destroying our country and everything we stand for! We’re on a downward spiral! 😥

    Liked by 1 person

    • Thanks!!! The worst of it is that much of the damage he is doing on the international front will take years to be undone, if it even can be. And yet, some 40% still applaud him … that is what I just don’t get!

      Liked by 1 person

    • Heck, I don’t trust my own judgment when it comes to global economics, but I do trust Erik’s … he’s fairly savvy. Trump’s supporters are delusional, wanting to return to an earlier era where countries were isolated and thus by necessity, fairly self-sufficient. He had a mandate from them to put “America First”. Problem is that technological advances, especially in travel, communication and war toys, make us all a part of the ‘global community’ whether we want to be or not. Personally, I think it’s great … we have access to new and different foods, products, ideas and cultures that we never would have even imagined in the 17th century. But some people are intimidated by that which is different, that which they do not understand, and especially when their intimidation is stoked into full-blown fear by the likes of Trump. So … we have basically made a conscious decision to cede any role in the international community in favour of turning the U.S. into a WASP nation.

      xxx Cwtch xxx

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