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Trump says that US having empty shipping ports is a good thing. "That means we're losing less money"
(hexbear.net)
https://xcancel.com/atrupar/status/1920501678001754526
Trump thinks that receiving fiat currency is more valuable than material goods.
Somehow is going to be Biden’s fault
I'm going to say this very nicely because I think Hexbear should invite new people to learn about Socialism.
We don't support Biden here. This is a Marxist and Anarchist website.
The US economy was headed towards collapse no matter whether Republicans or Democrats won the presidency. The US economy has been built around short term profit seeking for decades. Once China's economy outgrew the US economy, the US went into meltdown because they want to remain as the global hegemon. In September 2024, the US congress passed 25 anti-China bills in 1 week.
Xi Jinping came to the US/California during Biden's presidency, October 2023. Even Gruesome Newsom was friendly towards China and presented Xi with gifts. Biden told the press immediately after the meeting that Xi is a "dictator" and was hostile towards China. Biden's own cabinet expressed disappointment with how Biden acted. This is as much Biden's fault as it is Trump's fault and also the fault of every previous US president going back decades.
In September 2024, Biden's administration put a 100% tariff on Electric vehicles from China and a 50% tariff on solar panels.
This is all true, but like Trump's tariffs definitely made this so much worse. US basically saying they will unilaterally blow up trade relations on a whim. Can't imagine a worse footgun moment for American leadership.
Honestly this is once again big win for the global south. It was terrifying when he was going to just stop trade globally, now it’s pretty much just an own goals. I’m here for it