I am starting to think that the threat of steep and broad tariffs were just a bit of showmanship to get the capitalists who weren't in his camp to come to him with hat in hand. It is more likely that the new administration will sanction the BRICS countries (and anything tangentially related to BRICS) to try and coerce nations into keeping the dollar system, with the threat of tariffs hanging over everyone's head to sort of distract. There will be tariffs, but it will likely be modest and engineered so that capitalists can continue to increase prices and point their finger at "tariffs and global disturbances in the marketplace" -- that way they can continue to fight the falling rate of profit while acting like inflation is due to geopolitical circumstances outside of their control- which will pacify a large segment of the US population when they start paying $12 USD for a loaf of bread.
"It's BRICS fault you see, not mine, that's why we should nuke it, so you can have cheap bread again, otherwise they'll stop using the mighty dollar and your bread price will be even higher"
I am starting to think that the threat of steep and broad tariffs were just a bit of showmanship to get the capitalists who weren't in his camp to come to him with hat in hand. It is more likely that the new administration will sanction the BRICS countries (and anything tangentially related to BRICS) to try and coerce nations into keeping the dollar system, with the threat of tariffs hanging over everyone's head to sort of distract. There will be tariffs, but it will likely be modest and engineered so that capitalists can continue to increase prices and point their finger at "tariffs and global disturbances in the marketplace" -- that way they can continue to fight the falling rate of profit while acting like inflation is due to geopolitical circumstances outside of their control- which will pacify a large segment of the US population when they start paying $12 USD for a loaf of bread.
"It's BRICS fault you see, not mine, that's why we should nuke it, so you can have cheap bread again, otherwise they'll stop using the mighty dollar and your bread price will be even higher"
Aw hell, they're gonna kill Brazil huh