On second thought

@allknowing (152059)
India
August 7, 2025 8:14pm CST
On second thought countries should thank Trump for making them put on their thinking cap to improve their financial condition by looking around excluding USA India is already doing it BRICS is all ready to do just that. Give them time. Initially thanks to Trump's bullying there may be a set back but one should look at the picture that will emerge in the long run. Believe me it will be better than what it has been and about USA I can well imagine the plight of those citizens. So many products will not reach the USA that once were their choice Trump. Are you listening?
6 people like this
6 responses
• St. Clair, Michigan
8 Aug
My job makes me do many studies on what you’re discussing here, half the time I have no idea what I’m talking about. Yet I still get paid, because I just pretend like I do. Question for you: The U.S. has some kind of “national debt”.. who exactly do we owe this money to? And more importantly, why even pay it back? What’s gonna happen, the USA will have a bad credit score now? I could take this question to my Dad but he’ll just say, “I don’t care about any of it. You making coffee?”
3 people like this
@allknowing (152059)
• India
8 Aug
It may sound cruel but I am waitng and watching. Just breaking the monotony of life.
1 person likes this
@id_peace (16500)
• Singapore
8 Aug
The debts comes in the form of treasury bills. around 60% is/was release in America and the rest are/were released to other parts of the world. For the 60% treasury bills, most of them are/were taken by the major corporations. If you do not have a part of your assets as treasury bill, you are not patron to your country. The rest are to the American citizens. Not obliged to buy as a citizen. For the oversea version of the treasury bills, the overseas government purchase bulks of it, many of the corporations also buy them. The individuals plays a very small part of it. Trump wanted the bulks of the debts to be forceful forgiven. He can force it through but it will hurt everyone and no one will ever buy US debts again. Hence, he did not push this through for fear that he will be long gone before the debts. At least the US corporations will be sending their money to his opponents and none to him. Neither his plan to differ the bills to 100 years can be carried out as well. He also spoke about 100 years interest free treasury bills. No one take the bite. In short, he had no cards left to play in the treasury bills market. If he did what he planned, the t-bills market will collasped the next instance.
@LadyDuck (481994)
• Italy
8 Aug
The United States have a serious problem about their national debt (now $36.95 Trillion). This is the total amount of outstanding borrowing by the U.S. Federal Government. The U.S. government owes money to domestic but also to foreign countries. Japan and China, hold a large proportion of U.S. debt. Surely Trump "thinks" that imposing those expensive tariffs he can cover the US debt, but this is not going to happen. Imagine if the creditors now pretend to have their money back! What's going to happen?
1 person likes this
@allknowing (152059)
• India
8 Aug
I am interested to know what will be the next step of those that are affected. With support from every one. Even the democrats have not liked it
1 person likes this
@LadyDuck (481994)
• Italy
8 Aug
@allknowing - He is bullying countries and blackmailing them if they do not accept his conditions. He forgets that countries can ask him to pay US debts. If this happens US will go bankrupt (as it did Argentina) and they will not be allowed to have money from other countries for years. This would be the largest financial disaster in history.
1 person likes this
@LadyDuck (481994)
• Italy
8 Aug
@allknowing - I thought the same, he is doing everything only to please his ego.
1 person likes this
@rsa101 (39885)
• Philippines
8 Aug
That’s a thoughtful perspective. Sometimes, external pressure—like Trump’s tariff hikes—can act as a catalyst, nudging countries to put on their thinking caps and seek financial independence. Nations like India are already responding by investing in self-reliance and exploring broader trade partnerships. While the initial impact may feel like a setback, it often plants the seeds for longer-term stability and strength. BRICS is a key part of this evolving landscape. The alliance shows promise as a counterbalance to traditional Western-dominated structures. However, its success will depend on how well it manages internal complexities—especially the China-India dynamic. That tension could either challenge the alliance's unity or push it toward more mature diplomacy. Inclusivity among diverse member nations is essential for BRICS to thrive, but exclusive interests or rivalries might undermine its potential. Meanwhile, the U.S. could face its own consequences. A more exclusive economic stance might result in reduced access to global goods, impacting American consumers. In the long run, perhaps all sides would benefit from a more inclusive global economy—where competition inspires growth, and cooperation remains the bigger picture.
1 person likes this
@rsa101 (39885)
• Philippines
8 Aug
@allknowing Wishing everyone success in staying afloat during these challenging times. We all face similar dilemmas, and a shift in how the US government approaches things could lead to a better understanding for all. While it’s not right to wish harm on any nation, I believe we should focus on fostering peace and understanding—not through forceful means, but by creating logical, win-win solutions that allow everyone to coexist peacefully.
1 person likes this
@allknowing (152059)
• India
8 Aug
@rsa101 Trumps hunger for a nobel prize let him do this and he never thought of the repercussions when it comes to other countries
1 person likes this
@allknowing (152059)
• India
8 Aug
Resortintg to "more mature diplomacy" in the order of the day There has to be change in thought when it comes to dealing with countries that were hitherto out of bounds or not thought of Democratts have stepped in and condemn what Trump has done Exports from India have stopped and that will badly affect ameircan citizens.
1 person likes this
@id_peace (16500)
• Singapore
8 Aug
My country is already looking at excluding US in the trades despite of getting 10% tariff. That is not the way to treat a country with net import with your country. Bad idea.
1 person likes this
@allknowing (152059)
• India
8 Aug
Trump has helped countries to look for alternatives and they will succeed. American citizens will suffer.
1 person likes this
@id_peace (16500)
• Singapore
8 Aug
@allknowing Indeed I pity the citizens. I really want to trade with them and work with them but the American politics make it not possible to do so.
1 person likes this
@Mshafeeq (2584)
• Kuwait, Kuwait
8 Aug
This is gonna effect every country the way trump is acting increasing the tariff. What is it gonna cost to USA?
1 person likes this
@allknowing (152059)
• India
8 Aug
That you will soon see.
1 person likes this
@allknowing (152059)
• India
8 Aug
@Mshafeeq It is temporary
1 person likes this
@Mshafeeq (2584)
• Kuwait, Kuwait
8 Aug
@allknowing Waiting for it. You have to bear the repercussion
1 person likes this
@porwest (105503)
• United States
8 Aug
Really, to be fair and honest, what has global trade really done for the United States? We lost good paying jobs and our largest employer is Walmart. The other countries can keep their stuff. We can make our own. lol As for the countries wanting to stop exporting to the United States, I say good luck with that. We are the world's largest economy and largest consumer base. Makes no sense to shun the world's largest market and expect economic improvement.
1 person likes this
@allknowing (152059)
• India
8 Aug
I would rather wait and watch than go by what you keep saying about nothing will affecrt the US
1 person likes this
@porwest (105503)
• United States
8 Aug
@allknowing How will this impact the United States? Explain that to me. lol
1 person likes this
@porwest (105503)
• United States
8 Aug
@allknowing Not my opinion at all. I gave you actual numbers. I think you are missing the point. What you are trying to argue here are semantics. GDP numbers are not semantics. They are actual numbers. What is also indisputable is that the United States is the world's strongest, leading economy, so when we are talking about trade deals and tariffs, no one has more strength in that argument than the United States does. The bottom line is that we are the world's largest consumer market, and if other countries want access to that... It happens on our terms, or you don't get access to it. Go to other countries to sell your stuff where you have a better chance of getting to call the shots. In this case, with the United States, India simply doesn't have the power to negotiate terms. We do. India is the 8th largest economy and it's seeming to want to pretend it's got more power than it does in this matter. It doesn't. One good example of what I am talking about here is, let's say I am a company who wants to put my product on Walmart's shelves. Who gets to determine the terms of that deal? Walmart. And if I want access to Walmart's shelves for my products, I have to play by Walmart's rules or I don't get to sell my product at Walmart. I have to make deals with smaller companies where I will have more power to negotiate better terms for myself. As part of that deal, Walmart might ask me to cut ties with a competing retailer. I can say no. And Walmart can say, "We won't sell your product, then." That's the equivalent of, "Please don't do business with Russia." It's not at all about bullying. It's about asserting actual power you rightly have. If India was the world's leading economy, it would do exactly the same thing Trump is doing. India at one time had a better chance of getting more of what it wanted because the U.S. was interested in cheap labor. Trump is interested in fortifying American labor, so that part of India's power is now absent. Where not interested in cheap labor. We're interested in fair trade and a more level playing field.
1 person likes this