Reply to post: US economic dominance --

Trump: Huawei ban will be lifted!
US Commerce Dept.: Yeah, about that…

Palpy

US economic dominance --

-- is fading. Trump's trade wars make it fade faster.

The US has gone from comprising around 50% of the global GDP in the 1950s to around 25% now.

One of the consequences of on-again-off-again bans and tariffs is that companies try to reconfigure their supply chains to avoid vendors in national economies which they see as unreliable. Unreliable, right now, means Trump's America.

*shrug*

Frederick Kempe: "What's clear already is that friends and rivals are more interested than ever before in exploring alternatives to the U.S.-dominated system. Such a transition would take many years, involve enormous costs and unfold in stages. However, consistent overuse of U.S. economic power has made the unthinkable more plausible."

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