It is going to be a rough ride as America re-calibrates to a world which no longer relies on it. We took enormous amounts of benefits for granted.
Simple. They see opportunities to blame the opposition for the failure of their economic policy. They've been doing it for decades with great success.
Trump wants to tariff countries that support Denmark and Greenland. That's like all of the other NATO countries. What happens if NATO doesn't exist? No more bases to support Middle East operations and no more intelligence sharing.
It will mean more support from the Canadians and Europeans for moving trade to be denominated by Renminbi.
I don't think the Republican leadership has thought through the implications to the US with their deal with the devil.
They wouldn't go bankrupt. They will be saved and protected by government bailouts and tariffs, and the situation will become similar to say Russia car industry. Though, naturally, the situation with Russian cars has become so bad that even they are forced to massively open market to Chinese cars (and even "Russian cars" become more and more just simple rebadge of Chinese cars).
In short - if you don't compete by increasing productivity, efficiency, quality, you will be overtaken by the ones who do. The government actions may prolong your complacency time, yet ultimately such prolongation is just the time you actually lose falling more and more behind.
The whole world by now, 20 years after Tesla roadster, should have been driving American EVs, yet instead we have classic paradigm shift there US is Sun Microsystems and EVs/solar/wind/batteries is Linux/x86.
The pressures of a democratic society will force Western governments to extract money from their productive sectors and redirect them to their comparatively unproductive auto sectors.
Watching an increasingly aging Europe try to sustain its expensive welfare state while losing its biggest industries and facing a war citizens don't have the heart to prosecute is going to be interesting. Already French retirees make more than the average working man there.
They won't fight. They won't work. They won't provide children. To retirees, replacing local industry with Chinese manufacturing is a no-brainer: everything gets cheaper. With the resulting loss of well-paying jobs, healthcare for the elderly and wait staff will get even cheaper. A bonanza for a generation soon to disappear leaving the bits to be picked up by their most ardent fans.
Not really sure who it's going to hurt most.
The NAFTA/EU trade blocks were extraordinarily strong, this Greenland business is exactly the kind of issue which can shatter the entire block. It benefits no one to give Greenland to the US, so they won’t do it without a fight. It provides no benefit to the US to take it.
The only thing that would really be settled by the US annexing another country on a presidents whim is the formal end of the U.S. separation of powers.
It will hurt Europe a lot. But Donald Trump keeps repeating that it is going to declare war on the EU. Sadly, it makes sense for the EU to align more closely with China.
And yeah, the only winners from the Trump administration so far are the mega-rich, Russia and China. At the expense of strictly everybody else.
German car makes do have issues, but I'm sure they will work it out.
Source: https://motorbranschen.mrf.se/undret-som-kom-av-sig/ (Swedish)
if it uses its base in Greenland to annex it, the US military will be promptly evicted from every base in the world
at which point it returns to being a regional power
Yes, the Canadian auto industry will take a hit, but it already has from the US (and might take more).
I mean, but they're not feeding into the US's power. So they're like, buying into a depreciating asset. This actively signals the US is losing power to China given that it's _formerly top ally_ is making trading partnerships with one of it's nominal "enemies". Anyone who can think more than a month out, can see this will result in the US losing power in the long run.
Do you think anyone in charge has any long term vision capability to be thinking about such foreseeable outcomes?
It doesn't matter what they think. Trump's message resonates with the electorate much more effectively than theirs, partly because of his political brand and partly because he has a network of social media acolytes who broadcast his messaging to each segment and demographic. It's a positive feedback loop wherein anyone who dares to go off-message or criticize his decisions gets instantaneous blowback from the MAGA audience themselves, so they quickly recalibrate. At this point, Trump has built a metaphorical tower of skulls of political foes within the party (e.g. Marjorie Taylor Greene).