Yup. US dollar is not the reserve currency because it’s attractive. It is the reserve currency because there simply is no alternative. There simply is no asset that can hold hundreds of trillions of dollar.

Let me tell you another irony.

Scott Bessent, Trump’s Treasury Secretary, worked for George Soros, and was one of the key architect for the attack on British Sterling. Go read the wikipedia on Bessent if you don’t believe me.

Not sure how relevant this is to buy European.

But with that said, every gov’t should. 3% is not going to deter tourism, and gov’t need that money for public service like law enforcement.

Trump and his supporters do not care even if it hurts them. It is all about hurting people they do not like.

Germany got fascism out of the economic collapse.

Tariff is a consumption tax. The poorest spends most of their income on consumption like groceries, clothing, car parts, etc. The price of all of that is going up.

Next stockmarket wipeout reduces wealth of middle class the most, who in turn reduces spending on services that employee working class people.

Poorest always gets hit the hardest in any negative economic event because they are poor.

Aren’t drop shippers finished with the recent tariffs, especially closing the loophole of de minimis?

It’s the Chinese platform Temu and Aliexpress that abuses de minimis exemption shipping garbage quality items at low price.

What realistially can EU and Germany do?

EU is already withholding funding, although they have to pay Hungary every time they have to pass something in EU.

Do they even have the vote to suspend voting rights when they have Slovak PM going crazy as well?

Going to need another source than intercept to believe this story. They have a history of sensationalization or leaving important details out.

Part of it was a massive influx of gold and copper imported in Q1.

The voters deserve the government they choose. This includes those who abdicated their responsibility by not voting.

Military officer corp is easily the most non-political actors while the enlisted MAGA are diehards.