Chris Liss on Nostr: From what I can tell, it seems like what Bessent and Trump are doing with tariffs ...

From what I can tell, it seems like what Bessent and Trump are doing with tariffs with respect to China is similar to what Reagan did with the arms race with respect to Russia in the ‘80s. You get into this economic proxy war that’s costly to both sides, hope it breaks them before it breaks you. Then you re-negotiate on more favorable terms.

It’s kind of like a kinetic war in that respect, expect here you are measuring strength without killing each other. It’s more like an arm wrestle than a fist fight, but one that proves who would win the fist fight.