Donald Trump is Making the Case for BRICS
The boys and girls on Wall Street heaved a big sign of relief yesterday, with the stock market making historic gains, a welcome respite for the losses of the preceding days, when Donald Trump announced a 90-day pause in the severe tariffs, opting only to impose a 10% tariff across the board. Well, not for everyone. Trump boosted tariff’s on China and China responded in kind.
Last night, at a Republican fundraiser in New York City, Trump made the vulgar, crass, impolitic comment about the 70 countries that have contacted his administration pleading for a tariff deal. Trump said:
‘I’m telling you, these countries are calling us up, kissing my ass,’ Trump told the National Republican Congressional Committee Dinner late Tuesday — just hours before the tariffs went into effect.
‘They are. They are dying to make a deal. ‘Please, please, Sir, make a deal. I’ll do anything. I’ll do anything, sir!’ he said mockingly.
Even if true, this is a damn stupid thing to say. I don’t think there are many countries, who contacted the Trump administration, that are feeling warm and fuzzy towards Mr. Trump. Humiliating trading partners is, at best, counterproductive. While Trump, as well as many of his ardent supporters, are celebrating this as a sign of American dominance, I suspect many of those countries seeking tariff relief are reconsidering whether they want to continue to be harnessed to the US dollar. Whether he acknowledges it or not, Trump made a great case for why nations should align themselves with BRICS rather than be econom
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
