"We have such bad trade imbalances, and such bad tariff imbalances, that is fascinating that we, The US, hasn't done anything about it until now."
I have come to expect it. Whenever an agent of an institution can stick a knife in the back of the people on the other end of that institution, the customers of a corporation, or the population of a nation, there is an opportunity for graft. That is why the US has taken it in the shorts for so long. The negotiators for the US are not loyal servants, but greedy narcissists and sell us out for a pocket full of silver. 30 pieces, to account them properly.
"The petrodollar has also run its course, and needs to be renegotiated."
Not so much that, IMHO, as the Eurodollar is out of control and furriners are taking our pre-inflation advantage, which isn't going to continue. That theft is for 'muricans!
"...if we are going to move to a multi-polar world, how are we going to keep things fair?"
LOL That's so cute! Trump isn't interested in cute and cuddly though. We want things to be fair, but 'we' don't figure at all. Trump and his masters want the money. They don't want fair. They want advantage, to screw everybody else, and they have the big stick.
"...we...have to get rid of the income tax, and start only using tariffs."
This.
But, Trump's masters aren't intent on a constitutional republic, and that won't happen by Trump's hand, or over his living, breathing body.
Thanks!
RE: Trump's Plans For Tariffs… Xi's Counterplans for Tariffs