We are going to be hit by that ((( economic bunker buster bill )))
Our fools still think we will get a trade deal with them, they haven't tareefed us yet because we'll get the big one.
This is a deep state scheme to punish the major countries
Vietnam is a mini "good china" filled with "hard working" yellow people making widgets and other stuff for Uncle Sam, doubt their Chinese re-labelling scams will be hit though since the goods must flow to the US.
This would be a massive escalation at 500% tariffs on China and India. This is basically worse than sanctions!
Will also indirectly hurt EU since we ship them a lot of refined crude.
It will literally tank the stock bond markets.
As of today the 10Y yield still remains elevated at 4.5% and will spike which will have devastating consequences to US.
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I looked at the bill, there is an option for a presidential waiver for 180 days with a potential to extend it one more time for another 180 days.
Even if this gets passed the waiver would kick in as a ‘warning’ shot. Add in another extension of the waiver and we are looking at a 1 yr of no tariffs.
Looking at how Russia is stepping up attacks and making gains much faster I would say some sort of CF deal will be made by then.
As for India and China, both their exports to US are less than 20% I.e more diversified than Vietnam.
If this happens, I wouldn’t be surprised if we have no choice but to ‘team up’ with China and retaliate with 500%. While it will be a massive hit on our trade surplus and ekanami, it would only bring BRICS closer and push us into ‘Chinese orbit’ which is detrimental for US interests. We have been playing ‘sabotage’ in BRICS forums so far.
This will also make Modi even more popular for ‘standing up to the bully’ and will give a golden chance for Sindoor 2.0 and clean up the house?
To conclude, I think this bill is only Graham’s wet dream and even if it passes it will work against US’s interests and tariffs will be waived until the war comes to a logical conclusion on its own.
It will also defeat any of the ‘good faith trade negotiations’ that are already done/going on.
500% is basically a declaration of war.
