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Bulletins and News Discussion from April 7th to April 13th, 2025 - Juche With Trumpian Characteristics

Image is allegedly of the note Trump wrote while editing a speech while on the way back from the G20 summit.


The top Russian-Chinese agent, Donald Trump, has decided that the pace of dedollarization and the decline of American financial hegemony is going too slowly. He has therefore decided to put tariffs on everybody; from America's largest trading partners to uninhabited islands. In the process, he is trying to create an autarkic America. Jokes aside, interpretation and analysis of this has ranged across a wide spectrum. I think we can broadly agree that the most idiotic are the "true believers"; those that actually believe Trump's every word, and that this will somehow bring back American manufacturing and whatever other inane promises he has made.

However, there is a much more interesting debate. The first camp are those who believe Trump is acting as an inadvertent accelerationist due to his lack of understanding about how the world economy and dollar hegemony functions (and that this will subsequently ensure that countries flock to China instead). The second camp are those who believe that Trump does know what he's doing, at least to a certain extent, and that the effective result of this period of madness will be countries kowtowing to the United States; renegotiating trade deals to be even more in favor of the US in order to get tariffs reduced. There's even a yet more cynical camp who believes that in fact, this entire trade war is just theater for further national wealth redistributions from poor to rich; that all these monumental international trade wars are more of a sideshow. To quote the linked article: "[...] out of the mountain of tariffs that threaten to turn into a global trade war will emerge the mouse of further tax cuts."

I'm not embarrassed to admit that I have absolutely no idea which one of these is the closest model to reality. We're in new economic and political ground, and even if the tariffs are quickly renegotiated and/or dropped, the impacts will continue to reverberate around the world for years. I'm sure we'll debate this for months to come here, though!


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