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Roger Ison's avatar

A key non-financial point has to do with the defense hypothesis. The US is apparently not in a position to provide the defense capacities that Trump wants to charge for with tariffs. We can’t defend Europe and Taiwan simultaneously. And if the foundation of such defense is payment not principle, who would trust Trump now? We need our allies, not the other way around. It seems very unlikely they will be willing to play the suckers now. They will go their own way.

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Chris Bartle's avatar

The expression I believe is "eat your cake and have it too". Makes more sense, as a sequence. Apologies for didacticism.

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