reasons why this is absolute lunacy.
"I think that the real geopolitical problem is when you have not an unpredictable opponent or enemy or partner," said European Council President Donald Tusk. "The problem is when your closest friend is unpredictable. It's not a joke now. This is the essence of our problem today with our friends on the other side of the Atlantic."
"Beyond such a crisis, Trump's go-it-alone approach could have long-term implications for American influence and authority, said Reinsch, a former Commerce Department undersecretary for Clinton. Those include encouraging nations like China to develop alternatives for international transactions currently denominated in dollars.
Already, market watchers warn that Shanghai's new yuan-denominated crude oil futures could become a means for Iran to sell its oil without relying on greenbacks.
"These are not all immediate consequences, but over time they accumulate and, along with the rest of our trade policy, will have the effect of marginalizing the United States in economic terms," Reinsch said."
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