U.S. President Donald Trump has threatened to impose far larger tariffs on the European Union and Canada if they work together to combat trade tariffs.
Not really, for the same reasons Russia’s economy is now in the shitter: sure they could sell oil to another country, but changing the whole infrastructure is not something that can be done in days. Same with moving the whole production of goods to a completely new country.
Also consider that nowadays western countries have lost the knowhow to produce efficiently goods (while their service industry still remains unmatched)
I can see the point your making. I’m not suggesting it’d be easy but if we moving to Russia as the example Russia would be the standin for China, not the wider world.
Russia’s economy is now shit because they got embargoed, as China’s would be, it hurt the wider world briefly, but that has mostly passed.
And I didn’t suggest western countries take on the brunt of the manufacturing, I suggested it should be countries that would benefit from the overhaul to their economy
Not really, for the same reasons Russia’s economy is now in the shitter: sure they could sell oil to another country, but changing the whole infrastructure is not something that can be done in days. Same with moving the whole production of goods to a completely new country.
Also consider that nowadays western countries have lost the knowhow to produce efficiently goods (while their service industry still remains unmatched)
I can see the point your making. I’m not suggesting it’d be easy but if we moving to Russia as the example Russia would be the standin for China, not the wider world.
Russia’s economy is now shit because they got embargoed, as China’s would be, it hurt the wider world briefly, but that has mostly passed.
And I didn’t suggest western countries take on the brunt of the manufacturing, I suggested it should be countries that would benefit from the overhaul to their economy