Well, but Trump missed a main point.
In his wisdom he forgot, what eg EU buys from US as service by Amazon, Microsoft, Apple, Meta, Netflix, X, Starlink, Google, aso.
This is not mentioned in his "calculation".
You are correct and it did, indeed, appear to be a great depression. The coming one will dwarf it.
I could explain why but there are some very entrenched opinions here and I have no wish to provoke or upset people. I also try to bring something useful in my posts because expounding my opinion for it's own sake is such a meaningless exercise (it would be even more so if it was uninformed).
There are some very bright people here who broadly agree with me about the general direction of travel (although the specifics that I have stated are obviously difficult to comment on because nobody has a crystal ball, do they?).
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