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PaperclipPerfector  5d ago (text post)   23996 thread views

Culture War Roundup for the week of January 12, 2026

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Trump announces plan to hit UK, Denmark and other European countries with extra tariffs over Greenland

Several EU countries sent tripwire forces into Greenland a few days ago. Now Trump has announced 10% tariffs on imported goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. As a sidenote, despite predictions of economic catastrophe, Trump's tariffs have been smaller and done less economic damage than estimated.

For starters, inflation is running below projections. In December, the just-announced inflation rate was 2.7 percent. The Fed’s favorite indicator was unchanged from November when the core inflation rate, at 2.6 percent, was the lowest since 2021.

Tariffs have had surprisingly little impact on higher consumer prices. “Tariff pass‑through to consumers has been much milder than anticipated,” Olu Sonola, head of U.S. economic research at Fitch Ratings, wrote in a recent research note. Yet revenue from tariffs brought in close to $300 billion in 2025, up from about $80 billion in 2024, and is currently on track to produce over $350 billion this year.

The evidence suggests that most costs are being absorbed by foreign exporters or by domestic sellers accepting lower profit margins. And since the actual tariffs on different countries are a crazy quilt of different rates, producers have also become expert at shifting their supply chains to countries with relatively lower tariffs. In addition, it’s easy to overstate the impact of tariffs on household costs, since imports are only about 14 percent of GDP. In other words, there are no tariffs on 86 percent of GDP.

The high tariff rate on China skews the averages. Excluding China, the effective tariff rate on the rest of the world, adjusting for trade share and exempt categories, is not the average 17 percent. It’s well below 10 percent. Thanks in part to the tariffs, the chronic U.S. global trade deficit has been shrinking. The October deficit was $29.4 billion, down nearly 40 percent from September. The decline continued in November, the last month for which statistics are available.

Still, no one knows what's the next step of Trump's master plan. Will it fizzle like the whole "Canada 51st state" thing? Polymarket estimates 27% chance that Trump will take "part of Greenland" in 2026.

It's still not clear to me what exactly the US wants to do with Greenland that they cannot already do. They already have a military base in Greenland and I can't imagine that (before this whole kerfuffle) Denmark would have made a big deal about a larger military presence of the USA in Greenland. Why bully and alienate countries in your sphere of influence to get something you already have?

Because Trump has got it in his head that great leaders are the ones who expand their country's territory and Greenland seems like the easiest possibility for expanding bigly. I don't think there's anything else to it at this point, the given explanations don't hold water. Just monkey brain going ""Give Greenland me give annex Greenland me annex Greenland give me annex Greenland give me you."

But is he wrong?

Is this the sort of a motive where words like "right" or "wrong" even have any meaning?

I mean: is he wrong about what great leaders do?

In the US context, he's mostly wrong, yeah?

Depending on your political alignment, "best president" lists vary widely, but I don't think I've ever seen one where adding territory was a particularly important criterion? It's not nothing, but domestic economics and policies (JFK on one end or Regan on the other) tend to generally be considered more important that territorial expansion?

Or winning wars (Washington, Lincoln, FDR), I guess, but most of those didn't actually come with territory.

The US is so big already and has so much wilderness already that adding more doesn't really move the needle all that much.

Do you think adding territory is what great leaders do in the modern day? Are there specific leaders you're thinking of?

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