America has lost its empathy. This was something nostr:npub1xeejes6lu4scttcmzytq5wfad3e6rljpmhc3snqs89xz3jjavfasnuz3mx said in his interview I linked earlier. Could not agree more. US has been very short sighted with the tariff policies - especially to Japan. Instead of helping out your allies, somehow the current admin decided it’s better to harm your friend’s economy even further. Talk about short term thinking. US is already doing a great job at driving the rest of the world to China, I hope Japan doesn’t follow. Why do we feel the need to throw everyone under the bus for a quick win? Where is the long term strategic thinking?
Discussion
America never had pure empathy. It was always self interest and greed masked as empathy. Don’t get me wrong. A lot of Americans were more empathetic than they are now. But America as a nation in the world was never empathetic.
European consumers pay 0 tax on American products while Americans pay 15% on European products.
Looks like a great deal for Europeans tbh.
How is it a great deal for Europeans if their businesses are uncompetitive in the US market?
I’m talking about european consumers. Our tax burden got actually reduced.
Yes, but this started in 1913. Went further in 1933 and then went even further in 1971. Reserve currency drives every policy to this short term gain and long term loss. This is why bitcoin exists.
Well said!