Economics

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Trump's tariffs make no sense, and will backfire hard on the US economy (youtu.be)

submitted 4 days ago by cfgaussian@lemmygrad.ml to c/economics@lemmygrad.ml

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[–] cfgaussian@lemmygrad.ml 3 points 3 days ago (1 children)

The "mineral extraction deal" with Ukraine is theater. It's a way for the US to "show who's boss", but as far as any real gains for the US from it, those are very unlikely. The infrastructure for extraction is just not there and won't be built during a war, the value of the resources is wildly overestimated, and most of the most valuable territory either is or is soon going to be under Russian control.

As for the rest of your analysis, yes, i agree. I think you summed it up nicely.

[–] OrnluWolfjarl@lemmygrad.ml 3 points 3 days ago

Oh indeed. I don't see the Ukrainian deal being beneficial for the US any time soon, and there's other more important motives behind it (perhaps among them making such egregious demands that Ukraine refuses and US has an excuse to exit the Ukraine war "gracefully"). But someone probably thought it might work, and then they can figure out a way to split the minerals with the the Russians.

I predict this is the pattern the Trump administration will follow for the next 1-2 years at least, if not for the whole term. It's standard American business"bull" tactics. Come in hard and aggressive, throw crazy threats, pressure using media and affiliates of the target, then make deals that give you everything in exchange for behaving somewhat more rationally.