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Crypto ‘very small part of international trade’, can’t fix root of economic problems facing US

💬 “The number one problem” facing the US is the imbalanced trade relationships it has with its major partners, which has triggered deindustrialization and major job losses amid fierce competition from the Global South, says digital economy specialist Ashraf Patel.

Tariffs are a “short-term solution” at best, according to the observer, and one that will “not necessary lead to industrial development.”

💬 Joe Biden’s so-called Inflation Reduction Act “mega industrial policy has had mixed results,” Patel recalled. Therefore, Trump “has to first fix domestic industrial policy, innovations, and regulation. That is the only way they can compete with the East…and not tariffs.”

As for crypto’s role in all this, it remains “one part and a very small part of international trade,” and therefore can’t play the economic and trade miracle cure the Trump administration may be hoping for.

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❗️'USAID is a criminal organization. Time for it to die' – Elon Musk USAID's X page has been unavailable on Sunday. 📌Subscribe to @SputnikInt

Musk SLAMS USAID for funding 'bioweapon research, including COVID-19, that killed millions'

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Almost half of Danes see US as threat to Denmark amid Trump's desire to buy Greenland 46% of Danish residents regard the United States to be a “very big threat,” compared with 44% and 40% who consider North Korea and Iran as such, respectively, the Guardian…

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⚔️ Trump would ‘take more territorial interest in Greenland’ if necessary – Vance

US President Donald Trump “doesn't care about what the Europeans scream at us,” Vice-President JD Vance boasted.

💬 “You've got probably 55,000 people living on Greenland who are not actually happy with Danish government. They've got great natural resources there,” Vance emphasized.

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🚫📦 US products under fire: Trudeau unveils Canada’s tariff list 📌Subscribe to @SputnikInt

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‘Canada’s been very ABUSIVE of the United States’ – Trump

💬 “We subsidize Canada by the tune of about $200 billion a year,” US President Donald Trump stated.

💬 “This is retaliatory to a certain extent. Millions of people float into our country through Mexico and Canada,” Trump stressed.

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❗️'USAID is a criminal organization. Time for it to die' – Elon Musk USAID's X page has been unavailable on Sunday. 📌Subscribe to @SputnikInt

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🗣 Draining the SWAMP: ‘USAID run by radical lunatics, and we're getting them out’ – Trump

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📹 ‘Canada’s been very ABUSIVE of the United States’ – Trump 💬 “We subsidize Canada by the tune of about $200 billion a year,” US President Donald Trump stated. 💬 “This is retaliatory to a certain extent. Millions of people float into our country through…

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🇿🇦 Trump is considering cutting aid to South Africa

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🇿🇦 Trump is considering cutting aid to South Africa 📌Subscribe to @SputnikInt

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Trump is considering measures to tackle ‘a $350 billion deficit’ with the EU

💬 “With the European Union, it's a $350 billion deficit. So obviously something's gonna take place there,” US President Donald Trump stated.

💬 “The United States has been ripped off by virtually every country in the world,” Trump claimed.

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🏳️ Panama CAVES to US pressure, WON'T renew memorandum of understanding with China on the Silk Road 💬 “One important thing, which is a decision I made and communicated to him, is that the 2017 memorandum of understanding on the Silk Road, part of the Belt…

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🗣 ‘I don't think troops will be necessary in Panama’ – Trump

Earlier in the day, Panama’s President José Raúl Mulino bowed to US pressure and announced that Panama will not renew the 2017 memorandum of understanding on the Silk Road with China.

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❗️ Mexico imposes retaliatory tariffs on US to protect its interests – president 💬 "I instruct the Secretary of Economy to implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of Mexico's interests," Mexican…

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Trump outlines his DEMANDS from Mexico

🔹 Balance out trade between Mexico and the US.

🔹 Prevent illegal immigration into the US from Mexico.

🔹 Stop the flow of fentanyl from Mexico into the US.

US President Donald Trump warned that failure to meet these demands could result in increased tariffs.

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🗣 Trump outlines his DEMANDS from Mexico 🔹 Balance out trade between Mexico and the US. 🔹 Prevent illegal immigration into the US from Mexico. 🔹 Stop the flow of fentanyl from Mexico into the US. US President Donald Trump warned that failure to meet these…

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Trump announces talks with both Canadian and Mexican leaders on Monday morning

💬 “I don't expect anything very dramatic. We put tariffs on. They owe us a lot of money, and I'm sure they're going to pay,” US President Donald Trump boasted.

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