But so will the US. It bewilders me to see so many Americans either don't get it or don't care. A 50% tariff goes into effect on the same day that this Administration drops the beef tariff to lower prices because American consumers are feeling the pressure of higher costs. Does anyone get how utterly ridiculous this looks?
But the larger, sadder issue is that we all might be witnessing the start of the decline of the Age of America. This isn't fun. This is depressing. Since WW2 ended, the US has been a force for good and right and the rule of law. And the world willfully followed. Everyone benefitted from this, especially the US. But you're unravelling it all. For what?
The trade wars this Administration chooses to enter are being watched around the world. You guys have Russia on your side and maybe North Korea. Think about that. I'm not gloating. Canada has huge problems and it's going to take years to unwind all the damage done by Trudeau but we're working on it. We just didn't think we'd also have to be addressing the damage now being done to us by the US too. This is incredibly sad and unnecessary.
I know I'll get responses from the puffed-out chest crowd here that doesn't like the message. Don't listen to me, that's fine. But listen to the bond markets because the bondholders are watching you. Bessent is trying calm the markets but they are getting skittish. If it works, great. Another debt crisis kicked down the road. But if foreign holders start dumping US bonds you guys are toast. So is Canada and the rest. We are all going to get dragged down in this. That's nothing to be gloating about. And it all could have been so easily avoided.
I know some of you will be offended by what I posted. I'm sorry. I'm not trying to offend. Just offering my thoughts as an outsider. Have a great day.