• morrowind@lemmy.ml
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    22 hours ago

    This only works if you’re China. Most other countries would just be ignored

    • bravesirthomas@lemm.ee
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      20 hours ago

      Not really, he backed down on tariffs last week thanks to Canada and Japan. The truth is, Trump has put the US into a very, very precarious position. They have a lot of debt to refinance soon, and if the rest of the world wanted to, they could dramatically increase the interest rates paid on that by coordinating a sell-off of US debt.