It's the rate of change. Things like NAFTA took many years to implement, and were debated and developed in the open. Everyone understood what would happen to the economy and that there would be a decade of transition.
> A huge part of our power was that we were safe and predictable and that's gone forever.
That is a big deal. The US has for a long time been seen as a stable economy that's easy to trade with because policy changes would take a long time to come into effect by which everyone had had the time to adjust.
Compared to the various stuff that was happening in Europe in the previous decades (at least here in the east) the US were a stable safe heaven where you could trust things wouldn't drastically change overnight.
That's what I thought after the first Trump administration. But the fact that we re-elected him proves that it wasn’t a one-off, we will always be four years away from the possibility of a wild regime change.
That’s why it would jar to be Vance and this reigime, Kay without Trump. 10 more years of both red and blue and enough change to undo and prevent this in the future could get it out.
Germany was reformed, Japan was reforms. These things take time
But the problem is the American people want this. This isn’t some dictator in Korea or Iraq or Venezuela, this is someone with full democratic support. There are many checks and balances in the American system to avoid a single person doing this amount of damage without having widespread support.
Nobody announces the largest tariffs since the 1930s overnight, and selectively increases or dismantles them from week to week. Just look at this line graph: https://www.usfunds.com/resource/americas-tariff-rate-hits-t...
A huge part of our power was that we were safe and predictable and that's gone forever.