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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: bigshan ⎊  😊 😞
Number: of 15061 
Subject: Re: Berkshire and Tariffs
Date: 04/04/2025 5:16 PM
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<<
"Interesting tidbits:
"Treasury Secretary and economics professor Scott Bessent explained (1:04) in an interview that in trade wars, the surplus countries always be defeated, because the deficit country (here, the US) has the least to lose."

That is absurdly backwards.

The U.S. had the largest, most dynamic economy in the world. It attracted the brightest from around the world due to its dynamism. Having the dollar as the world's reserve currency gave the U.S. (and its citizens) untold advantages.

By having an unnecessary trade war, the U.S. is risking all of that.
>>

This trade war is quite strange in historical aspect: the country printing paper money is sanctioning countries making goods. The result could be epic.
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