I just had a shudder seeing a headline like this on HN. This is the crap you see on /r/politics.<p>The article itself isn't that bad either but I guess even the Guardian has to compete with eye catching headlines now too.
The US consumer is the one that will be paying for the tariffs if they ever come.<p>Which country would US consumers even purchase from instead? Mexico? Who even manufacturers stuff cheap enough for most US consumers?
if there was ever a president experienced at playing chicken with a large creditor and coming out alive, it's Trump.<p>of course, giving the US a reputation for something resembling default probably won't be a good thing in the long run.<p>and i'm sure there are ways any large creditor could "encourage" the election of US politicians which favor the return on capital above other priorities.
Default is not an option for the US. Most economic growth the last decade has been from deficit spending. State and local pensions are headed to catastrophic ends soon, and will need bailouts with federal dollars. Losing deficit spending would bring the US to its knees. This is all rubbish.