Post of 10 April 2025

For decades, America has faced systematically “higher tariffs” from its major trading partners and far more punitive “non-tariff barriers” like currency devaluations against the dollar under the umbrella of “Most Favoured Nation” (MFN) rule.

The US cumulative trade deficits in goods after the Yom Kippur war of 1973 ballooned to more than $1 trillion annually from 1976 to 2024 which have transferred over $20 trillions of USA’s wealth into foreign hands. That’s more than 60 per cent of America GDP in 2024.

Foreign interests have taken over vast lands of America’s farmland, housing, tech companies, and even parts of food supply.

Trump’s violent “Tariff War” and the geopolitical turmoil are the result of the rise of oil price to 365% in 1973 which threatens both economic prosperity and national security of America in the 21st century like the USSR of the 1980s.

Yesterday Turkish President Erdogan said “The global economy is undergoing a difficult test. In the past week international trade war has taken a new dimension. With escalating rhetoric from all sides, tariffs disputes has become more heated.”

He said “the after shocks of the upheaval in the capital market have yet to settle. Almost all the actors in international politics are now searching for new solutions. It is understood that the trade war has a global impact.”

“A violent storm is coming, one that will affect everyone, big or small. The world is rapidly transitioning from a uni-polar to a multi-polar architecture in terms of economic and military power.”

In the end Erdogan said “we should regard the news, which is coming in recent months as a #Birthing_Pain of this new era”.

#NOTE: The forerunners of the new era will be the Middle East, Turkey and China.

https://www.facebook.com/mohammed.seemabzaman/videos/1243611667770663


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