Jerm and Alex discuss the ongoing tariff war, questioning if it’s a strategic move by Trump or just for show. They explore how Trump’s policies affect the US economy, the role of tariffs in trade, and the shift towards a multipolar world that could weaken the US dollar’s global status. Alex highlights the US economy’s vulnerabilities, especially foreign ownership of assets, and suggests a dual currency system. He stresses the need for US-China cooperation to benefit both in a multipolar world. Alex also critiques the Austrian School of Economics, pointing out flaws in its views on privatisation and public services, and discusses how tariffs might help restore American sovereignty and shape future global trade.
https://www.ukcolumn.org/video/alex-krainer-tries-to-understand-trumps-tariff-wars-with-china