I'm not an economist but I'd imagine this will strengthen alliances that don't include the US and will weaken and isolate the US. I don't understand this strategy of theirs. Not only short term damage but the US is demonstrably not a reliable trading partner anymore.
If a system has self-correcting mechanisms it can, hopefully, demonstrate that it can withstand stresses that may arise within or without, and hence show resilience that can be relied upon. One can but hope.
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[ 2.4 ms ] story [ 34.5 ms ] thread‘The Tsunami Is Coming’: China’s Global Exports Are Just Getting Started - https://www.nytimes.com/2025/04/07/business/china-manufactur... | https://archive.is/A6KFV - April 7th, 2025
If a system has self-correcting mechanisms it can, hopefully, demonstrate that it can withstand stresses that may arise within or without, and hence show resilience that can be relied upon. One can but hope.
Is there not one in particular that holds most of the cards? Trump seems set on serving his own interests regardless is my take.