this post was submitted on 18 Apr 2025
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[–] Initiateofthevoid@lemmy.dbzer0.com 15 points 3 days ago (1 children)

Of course it's not strange. It's not even necessarily retaliation! It's just smart business. The US is not reliable or stable, and the dollar is not reliable or stable. Neither are good investments right now.

[–] gravitas_deficiency@sh.itjust.works 3 points 3 days ago (1 children)

I mean it IS retaliation though. It’s retaliation for thinking absurd tariffs are a great idea to apply to one’s allies.

And please do note that some particular countries who were until very recently considered geopolitical adversaries by our government (Russia; Belarus) are NOT targeted by any of the tariffs.

This is what happens when you switch teams, and all of your allies are not a fan of you switching teams, and they don’t want to be tied to your currency standard anymore.

Oh absolutely. Perhaps "necessarily" isn't the right word. But the point is that even if you were somehow perfectly neutral (or worse, supportive) toward this horrifying shift in geopolitics, you still wouldn't want to invest in the US dollar.