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Trump's Balance-of-Payments War on Mexico, and the Whole World

Hudson, Michael
http://www.counterpunch.org/2025/01/27/trumps-balance-of-payments-war-on-mexico-and-the-whole-world/

Publisher:  CounterPunch
Date Written:  27/01/2025
Year Published:  2025  
Resource Type:  Article

Germany and Europe as a whole will become sacrificial offerings in our desperate but futile effort to save the US Empire.

Abstract: 
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Excerpt:

Does Trump really know what he’s doing? Or is his careening policy simply causing collateral damage for other countries? I think that what’s at work is a deep and basic internal contradiction of U.S. policy, similar to that of U.S. diplomacy in the 1920s. When Trump promised his voters that the United States must be the “winner” in any international trade or financial agreement, he is declaring economic war on the rest of the world.

Trump is telling the rest of the world that they must be losers – and accept the fact graciously in payment for the military protection that it provides the world in case Russia might invade Europe or China send its army into Taiwan, Japan or other countries. The fantasy is that Russia would have anything to gain in having to support a collapsing European economy, or that China decides to compete militarily instead of economically.

Hubris is at work in this dystopian fantasy. As the world’s hegemon, U.S. diplomacy rarely takes account of how foreign countries will respond. The essence of its hubris is to simplistically assume that countries will passively submit to U.S. actions with no blowback.

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