It’s going to be really hard to recover from this shit. And most people will not understand that the tariff impacts that are just starting and still escalating and such will continue on unless we somehow get other countries to stop immediately… But why would they trust the U.S. after this. Why would someone in say Canada say, “sure I’ll buy a bottle of wine from the U.S. now”, or why would countries drop reactionary tariffs against the U.S. if they have set up new trade partners they may see as more reliable. Why hurt those new trade deals by believing the U.S. won’t try to fuck them over a few years down the line.
Buying stuff from the US? That’ll most likely return though at slightly reduced numbers because it doesn’t hurt to have multiple suppliers.
Investing in US facilities? Depends: Distribution for consumption, sure, minimal risk so long as the economy is doing ok there’s a large consumer market to access.
Manufacturing facilities? Much more risky and less likely to return.
The erratic behavior of the president is seen as a risk from a business standpoint.
Imagine you need capital to build a factory plant in the US but it’s unclear if this is going to work out. After the thing with Hyundai, no one is going to greenlight this anymore.
The trust may return after Trump but maybe the next right winger is going to be isolationist too.
Was this tariff thing part project 25? It’s so dumb from an econ standpoint, where is this even coming from?
It’s going to be really hard to recover from this shit. And most people will not understand that the tariff impacts that are just starting and still escalating and such will continue on unless we somehow get other countries to stop immediately… But why would they trust the U.S. after this. Why would someone in say Canada say, “sure I’ll buy a bottle of wine from the U.S. now”, or why would countries drop reactionary tariffs against the U.S. if they have set up new trade partners they may see as more reliable. Why hurt those new trade deals by believing the U.S. won’t try to fuck them over a few years down the line.
Buying stuff from the US? That’ll most likely return though at slightly reduced numbers because it doesn’t hurt to have multiple suppliers.
Investing in US facilities? Depends: Distribution for consumption, sure, minimal risk so long as the economy is doing ok there’s a large consumer market to access.
Manufacturing facilities? Much more risky and less likely to return.
The erratic behavior of the president is seen as a risk from a business standpoint.
Imagine you need capital to build a factory plant in the US but it’s unclear if this is going to work out. After the thing with Hyundai, no one is going to greenlight this anymore.
The trust may return after Trump but maybe the next right winger is going to be isolationist too. Was this tariff thing part project 25? It’s so dumb from an econ standpoint, where is this even coming from?