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Will Liberation Day transform the world? The Nixon Shock set a radical precedent
by Yanis Varoufakis

https://unherd.com/2025/04/will-liberation-day-transform-the-world/#msdynmkt_trackingcontext=ebaa54aa-e581-4b3e-abb9-96a5d8780000

“My philosophy, Mr President, is that all foreigners are out to screw us and it’s our job to screw them first.” With these words, the #US Treasury Secretary convinced the President to deliver a colossal shock to the global economy. In the words of one of the President’s men, the objective was to trigger “a controlled disintegration of the world economy”.
No, those words were not spoken by members of President #Trump ’s team in advance of their “Liberation Day” tariff splurge. While the “foreigners are out to screw us” certainly has a Trumpian ring, it was uttered in the summer of 1971 by then Treasury Secretary John Connally, who succeeded in convincing his President to unleash the infamous #Nixon Shock a couple of days later.
UnHerd · Will Liberation Day transform the world?Von Yanis Varoufakis

#tariffs #us #uk
#Trump #liztruss

Liz Truss lasted 44 days in office. During those days, she tried and almost succeeded in tanking the UK's economy.
How long do you thing Trump will last?

IMO, he'll do the 4 years and comfortably tank the US on grounds that:
- there is no viable opposition
- lack of economic literacy in US
Please tell me I'm wrong and why

#US #Trump #tariffs
#LIberationDay
#BS

According to economist Richard D Wolff the notion of "Liberation Day" is white supremacist BS.
The US is to this day a colonial superpower. The notion that the US is "liberating itself" from China, Vietnam and other countries they are imposing tariffs on is total BS. Trump is manipulating his base into believing that the US a victim of unfair trading.
And that's just a small portion of what's wrong with Trump's tariffs.

youtube.com/watch?v=594yN8rxIJ