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Donald Trump is Making the Case for BRICS
Well, not for everyone. Trump boosted tariff's on China and China responded in kind.
Last night, at a Republican fundraiser in New York City, Trump made the vulgar, crass, impolitic comment about the 70 countries that have contacted his administration pleading for a tariff deal. Trump said:
'I'm telling you, these countries are calling us up, kissing my ass,' Trump told the National Republican Congressional Committee Dinner late Tuesday — just hours before the tariffs went into effect.
'They are. They are dying to make a deal. 'Please, please, Sir, make a deal. I'll do anything. I'll do anything, sir!' he said mockingly.
Even if true, this is a damn stupid thing to say. I don't think there are many countries, who contacted the Trump administration, that are feeling warm and fuzzy towards Mr. Trump. Humiliating trading partners is, at best, counterproductive. While Trump, as well as many of his ardent supporters, are celebrating this as a sign of American dominance, I suspect many of those countries seeking tariff relief are reconsidering whether they want to continue to be harnessed to the US dollar. Whether he acknowledges it or not, Trump made a great case for why nations should align themselves with BRICS rather than be economic hostages of fickle hegemon.
Trump's real objective in levying these unprecedented tariffs is to punish China. Trump is preceding from the assumption that China's economy is weak and that the United States holds the upper hand. According to the Chinese government, approximately 14.7% of China's total exports went to the United States in 2024. That is a decline compared to 2018, when the U.S. accounted for approximately 16% of China's exports, with total exports to the U.S. valued at $547 billion.