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1y
eally interesting take — especially where you mentioned how services aren't properly factored into trade balance debates. That part’s so overlooked, yet it's a huge strength for the U.S. with tech and finance exports. Makes the whole “bring back factories with tariffs” thing feel kinda outdated, especially in a world driven by automation.
Also hadn’t really thought about the impact on 401Ks if foreign investment pulls back. That’s a solid point — trade wars can hit way closer to home than people expect.
Do you think the rise of BRICS and digital currency alliances could speed up the shift away from the dollar if the U.S. keeps pushing this isolation route?
RE: Tit for tat escalated quickly. Trump slaps 104% tariff on Chinese goods. European VAT is not a tariff, it's a high sales tax in the EU, affecting all products, hence neutral.