Trump is threatening the world said that countries that leave the US dollar will pay 100% tariffs. In response many countries are saying, well we don’t have to do business with America 🇺🇸 they are not the only big players. So screw America we can go elsewhere and do business without using the US dollars to buy goods we can use our own currency to buy goods from other players. Many countries now are getting scared of the US dollar now because of what Trump said and moving forward Russia and China and Brazil, India. This is not good for the America dollar and America industry’s will suffer and high cost for food, clothes for the Americans people will be high.
Economists state that tariffs are not the answer to fighting inflation. The only thing to do is see it when it happens. It will affect much of the global economy.
The US economy is in for a slippery drive with those proposed tariffs.
Hello Myriam,
Well your right it will affect most of the world economy. Many small poor countries no longer want to do business with America or use the US dollar to buy goods so they are all turning towards China, Russia, Brazil and Argentina. Trump has scored away all America customers. Look what is now happening to America farmers China, now refusing to buy corn, beans, and weat. And now buying from Brazil and Argentina and weat from Russia the world biggest weat export. So now America farmers have to look for other countries to sell their corn, beans and weat. But what country is going to buy from America now leaving America farmers in big problems. The some things is happening to Spain China refusing to buy there wine, some this happening to Germany China refusing to buy their goods. So because of America they all got themselves in big problems putting up high tariffs on China.