In a revealing speech, Trump’s economic adviser has exposed the actual strategy behind the tariff policy: forcing other countries to provide financial support for US world hegemony.
Trump posted a message to his followers just before pausing the bulk of his tariffs. He may have accidentally confessed to insider trading and market manipulation on Truth Social.
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Trump’s effort to end US foreign aid throws out a lot of babies with the bathwater. During the Cold War, the US waged a war of ideas with the Soviet Union to capture the hearts and minds of the world. Foreign aid also boosted US businesses.
The new developments have raised alarms on whether America’s global lead in artificial intelligence is shrinking and called into question big tech’s massive spend on building AI models and data centers.
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