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| Economy | |
| With the Dollar Strengthening, and With Easily Predictable Economic Outcomes Looming, President Trump Targets BRICS | |
| 2024-12-01 | |
| [ConservativeTreehouse] The latest announcement by President Trump via Truth Social [SEE HERE] should not come as a surprise to anyone here. As the economic impact of MAGAnomics starts to sink-in to the global psyche, once again it is predictable that China and the EU will use their central banking system in a defensive posture against President Trump’s economic, trade and tariff policies. As a direct result, the value of the dollar increases, and as we noted before, “Exports from the USA ultimately cost more because the dollar is stronger against EU and Asia currencies. However, a stronger dollar is an offset to BRICS leverage and allows Trump to play economic chess.” That’s the background for this:
MAGAnomics Simplified: Everyone who is a pragmatic critical thinker knows that China will (a) subsidize their targeted industries; then (b) devalue their currency to lower the impact of exports to the USA. Beijing controls the banks, and they did this before. As a result, the dollar value increases and imports cost less. The Chinese imports then enter the USA at a lower price consistent with their cost estimate as a tariff offset. China takes in a lower price but retains access. That’s just how it works. The importers pay the tariff with a lowered price and a higher valued dollar. Essentially statis for the time being. Then….. | |
| Posted by:NoMoreBS |
| #1 Trump warns BRICS countries if they try to replace dollar: '100% tariffs' |
| Posted by: Skidmark 2024-12-01 09:09 |