How will things be for the US if China and the rest of the world reduce tariffs for each other?<p>Trade will be less centered around the US and US products and services will take on less importance.<p>Yes, other countries will be hurt. Some will be hurt more. Seems like the US will come out worse than the average country.<p>Am I seeing this right?
Remember the markets are still pricing in some hopeium that Trump will blink or the congress or courts will block the tariffs or that Trump will be impeached if the tariffs do too much damage. As the tariffs remain the markets will continue down.<p>Trump is everything you don't want in this situation -- ideologically attached to tariffs, not educated in basic economics, cognitively inflexible, tunnel visioned on trade imbalances, possesses a zero sum worldview his whole life, stubborn, shameless, and surrounded by sycophants. It's bad.