As the article states we were at 124% debt to GDP ratio in Dec 2024. Since 1981, 98% of economies that reached 130%, defaulted. Trump came into office with the economy about to go off a cliff and the administration is now desperately trying to course correct via any means possible. It's highly likely it won't work and we are screwed anyways from decades of out of control government spending and corruption. Buckle up, it's going to be a bumpy ride.
Can anyone tell me why this is a bad idea? The effective pair wise tariff rate of these countries is still larger than the US and simply brings it more in line. Why is this a bad thing?