Archer
··Omega Qualified WatchmakerThe fact that they are yet again paused just means he is more interested in negotiation than the tariffs themselves.
https://www.nationalreview.com/2025/04/congress-should-end-trumps-trade-war/
The market is in turmoil, bond yields are going in the wrong direction. I think currency has as much to do with this latest flip flop as any other factor…
Did you catch Rubio this past week?
Sen. Marco Rubio (R-FL) on Wednesday's edition of 'Hannity' on FOX News warned U.S. sanctions will become impotent within the next 5 years as countries that deal with China will start using their own currency instead of the U.S. dollar.
"Just today, today, Brazil, in our hemisphere, the largest country in the Western hemisphere south of us cut a trade deal with China," Rubio said. "They're going to from now on do trade in their own currencies to get right around the dollar."
"They are creating a secondary economy in the world totally independent of the United States," Rubio continued. "We won’t have to talk about sanctions in 5 years because there will be so many countries transacting in currencies other than the dollar that we won’t have the ability to sanction them."
They are definitely concerned about a secondary economy being built that doesn't involve the US. This is what many people just don't seem to get in all this - when the US backs off or alienates countries, the vacuum that is left behind is going to be filled. It is likely going to be filled with something the US won't like.
China has been working on this with things like the Silk Road Initiative for years. The US is pulling back in aid…in the very soft power that they have wielded very effectively for decades. All this is in many ways playing right into China's hands.