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I legitimately don't understand why what's left of the free world hasn't all gotten together and agreed to tarrif America all at the same time.
Just throw insane tareifs, and let trump sit in it for a couple months while everyone ignores all his phone calls and requests for meetings.
That would actually work.
Why fight with european consumer prices and get people to moan against the EU or their gouvernement about price hikes? Fight with states actively pushing alternative IT services and defense industry from the EU, through advertising, through hybrid commercial war, spread rumors amongst conspiracy nuts, offer tax cuts for venture capital into EU firms. Get closer to friendlies and just turn your back to the US. Don't engage, don't fight. Simply ignore all carrots and sticks until the US gets out of that tantrum. Don't dump US bonds though, make it illegal if need be, dumping bonds is just helping Trump bring down the value of the dollar, that's a price to pay to put out that bully but it's a temporary cost that can be recooped when you dump them strategicaly when the US economy will have to get itself out of the economic hole they are digging.
Trump can bring down the dollar as much as he wants already. It's easy to destroy, to burn bridges, to make enemies. A bond is a deal you expect the USA to honor.
No, he can't really go far with his political power he'll just get entangled into more litigation... He needs to persuade countries to sell US bonds to bring down the value of the dollar in a significant enough way for project 25 to execute. He's chosen the hard way so why would we satisfy him by doing exactly what he expects of us? Selling bonds isn't cashing in on them, it's just transfering the risk to someone else, a bonds market crash would dévalue the value of the dollar at the loss of the EU, china, japan, the UK etc... Let the dollar go on a softer landing (as it's poised to do anyway, whatever happens on the bond market) let the country get back on tracks then resume activity on the bond market once the dollar has gained back some health. Accept some losses but have the overall financial losses much lighter for EU states and financial institutions on the long term. No need for the EU suffer for stuff done by america to itself.