this post was submitted on 20 Dec 2024
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Trump Threatens Tariffs If EU Doesn’t Buy More US Oil and Gas (www.bloomberg.com)
submitted 5 days ago by silence7@slrpnk.net to c/climate@slrpnk.net
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[–] hitmyspot@aussie.zone 2 points 4 days ago (1 children)

Lol, he's part of the cabal that pushed for Brexit. One step forward in reaction to two steps back is not to his credit.

[–] aasatru@kbin.earth 3 points 4 days ago (1 children)

Obviously nothing is to their credit. But the talk about tariffs is forcing the UK to look towards Europe more than they maybe would have, and a majority of Brexit voters are now in favour of joining the EU's internal market.

It was just a tongue in cheek way of saying that the US' only ally in the world is going to be the soaring Russian economy - even the Brits, who forcefully tied themself to the Mayflower mast, are now looking back to Europe.

In good personal news, a good friend of mine in the UK has landed a really good job in the UK working on the tariffs. I'm very happy for her. Silver linings. :)

[–] futatorius@lemm.ee 3 points 3 days ago (1 children)

The chart linked to the "soaring Russian economy" link shows the Ruble exchange rate, which says very little about the state of the overall Russian economy, except foreign exchange. And that exchange-rate chart shows the value of the Ruble doing down the shitter.

So I'm guessing you were being sarcastic.

[–] aasatru@kbin.earth 2 points 3 days ago

Yes, I was being sarcastic. A strong currency is generally associated with a strong economy. The Russians managed to keep the ruble strong the first year of the war, somewhat stable in the second. The last three months have been rather turbulent.

It of course affects the Russian man in the street directly, foreign goods (whatever is still imported) get more expensive. It could be beneficial for exports, but it seems their energy business is not going so great either.

So yeah, I was indeed being sarcastic. As long as they have energy to export they will have some income, but it has been a long time since the Russian economy looked worse.

That's my analysis though. According to a coughing, cold sweating Putin, all is going just great.

Whether it's me or Putin who are correct on this one, a weak ruble to the dollar means Russians will struggle to afford imported goods from the US. So they are not going to be a very profitable trade partner any time soon.