Trump Threatens Punitive Tariffs Against BRICS Over De-Dollarization Plans

[spidermike007]

1 hour ago, John Drake said:

 

The US doesn't need Saudi oil at all. It produces more than it needs. The US exports energy. It's one of the things the Biden people were right about in their campaign, US energy self sufficiency. And the more alternative energy becomes available, the more that self sufficiency increases for things like biofuels, SAF, selected solar (not windmills which are a boondoggle).

While they may not need Saudi oil they do still import it. And they certainly require electronics, car parts, and thousands of other products that are made overseas which will be subject to Trump's spectacularly dumb tariffs, which amount to nothing more than a huge tax hike on the American people. 

[Srikcir]

On 12/2/2024 at 10:03 AM, Walker88 said:

nickname for Richard)

Rick?

[John Drake]

5 hours ago, spidermike007 said:

While they may not need Saudi oil they do still import it. And they certainly require electronics, car parts, and thousands of other products that are made overseas which will be subject to Trump's spectacularly dumb tariffs, which amount to nothing more than a huge tax hike on the American people. 

 

Reshoring has already started. Biden's CHIPS act was perhaps the most important component. Things like electronics and communication gear should only be made in the US. The same goes for medicines and their ingredients.