SeeingRed [he/him]

Trying to find my place in an alienating world.

Matrix user - @seeingred:genzedong.xyz

  • 0 Posts
  • 6 Comments
Joined 1 year ago
cake
Cake day: August 8th, 2023

help-circle
  • I assume this is an attempt to re-shore manufacturing, especially if as many of us expect, many countries choose to take the tarrif hit so that they can keep trading in their own currency between eachother.

    It’s a strategic bet, bring home some manufacturing while hurting those who defy the empire. It’ll certainly reduce the availability of certain goods in the US as countries choose other markets. This likely would help to encourage some level of reshoring, or at least increase pressure from the ruling class to force more coups of other countries to force them back onto the dollar system.

    Whether this will backfire or not will is something that is very hard to predict.




  • Definitely interesting to see. I’d be curious how this compares to the total wheat trade between the two countries and other trading partners, how that’s changing over time, and why it’s specifically happening now. Is this due to old agreements being unnecessary due to increased domestic production? Is this due to the global market favouring wheat purchases from other countries? Is there just less demand due to some other reason? There is the throwaway line about China being able to source from others, but no indication of who or why.

    Obviously this is just Bloomberg so they’re not going to dig into these sorts of things as they only care about the changes in prices for the sake of investors.