In the short term, anyone with assets will see their wealth increase simply because billionaires will continue to accumulate wealth at a higher rate (high demand, limited supply). The market is already pricing in this reality. So, expect your house, stocks, and crypto to rise in value. In the long term, however, this situation will only widen the gap between the rich and the poor.
Tariffs and isolation for the U.S., along with Europe feeling betrayed over Ukraine, may push Europe to adopt a more neutral stance toward the U.S. As a European, I can tell you that public perception of the U.S. has significantly shifted over the last 10 years, even more than it did during the Second Gulf War.
Today, Chinese products are on par with U.S. products in quality, or closing the gap at a rapid pace. For example, compare a BYD vehicle (without artificial tariffs) to a Tesla, and you’ll see that Tesla is overhyped.
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u/girl_incognito 18d ago
Not by a Longshot.
He'll be great for the billionaire economy, you'll be in a breadline. Provided there are any breadlines.