President-elect Donald Trump's plan to impose 25% tariffs on Canadian and Mexican imports in his first day in office does not exempt crude oil from the trade penalties, two sources familiar with the plan told Reuters on Tuesday. (Reporting By Jarrett Renshaw; Editing by Chris Reese)
    • Thrillhouse@lemmy.world
      1·
      4 hours ago

      I’m probably wrong, but I’ve been speculating if the plan is:

      1. US imposes tariffs on its most valuable trading partners
      2. War in Ukraine “ends”; US stops sending weapons; Ukraine goes to Russia; US possibly threatens to pull out of NATO to accomplish this
      3. Tariffs stay in place for traditional US allies; US helps Russia rebuild economically by becoming its new best good trading buddy, tariff free of course.
    • psvrh@lemmy.ca
      2·
      11 hours ago

      Crab-bucket economics to go with crab-bucket foreign policy

      Post-Soviet Russia is such a fuck-up of a nation-state that they only way they can look good is by dragging everyone else down to their level.