Summary
U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.
According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.
While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.
The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.
Looks like Americans are about to go through their version of brexit. Good luck, it’s going to be rough.
Those are nothing alike. The UK has become an empty shell of its former empire. It lacks the access to resources for a closed economy and the military strength to steal them elsewhere.
For the US it is possible to return to a closed economy. The way Trump would do it is stupid and it would fuck over most Americans, but the end goal of a closed economy is viable in principal. For the UK it was impossible to achieve anything out of Brexit.
The only way the US could return to a viable closed economy is if the world jumped into a time machine and went back to the 80s.
Over here in the UK, whilst Brexit is an absolute clusterfuck and was always going to be, it was never the plan of even the most Faragian of people to enact a closed economy.
I don’t think any Westernised economy could successfully run a completely enclosed economy anymore.
We probably could ramp up some production here to survive this. But for it to actually work the way it’s proposed the general population will need to give up certain luxuries that are only available via import. And I can’t see that ever happening. The average American isn’t going to sacrifice anything for the greater good.
That would be glorious! But I’m seriously scared for Ukraine and Europe while Amexit happens…!