Trump wages economic war on US allies, while BRICS builds alternative system
Update: 2025-09-14
Description
Donald Trump is imposing tariffs and unequal treaties on longtime allies in Europe, Japan, and South Korea, forcing them to pay and move their factories to the US. Meanwhile, BRICS and the Shanghai Cooperation Organization (SCO) are building a new multipolar world order based on mutually beneficial trade and investment. Ben Norton is joined by economist Michael Hudson to discuss.
VIDEO: https://www.youtube.com/watch?v=wpYgXMkzWc8
Read Michael's article on Trump's attacks on Europe, Korea, and Japan: https://www.geopoliticaleconomy.report/p/michael-hudson-trump-europe-korea-japan
You can support Michael on Patreon at https://Patreon.com/MichaelHudson
Topics
0:00 Trump attacks US allies
0:35 Exploitative US deal imposed on Japan
3:04 ICE detains South Korean workers
5:46 Trump to abolish Education Department
6:29 Angering US allies
7:19 US trade deal imposed on Europe
8:37 BRICS & SCO build multipolar order
10:20 Intro to Michael Hudson
10:46 Highlights of Michael Hudson
13:58 Interview starts
15:03 The BRICS alternative
18:54 US strategy of economic colonialism
26:01 Europe
33:06 India and Eurasia
35:15 Trump's tariff trap
37:28 Energy
41:03 Backlash in Europe
43:43 EU did not negotiate
46:48 European capital flows into US
49:40 BRICS sells US Treasuries
53:24 South Korea
56:59 Attacks on immigrants
1:05:37 Class politics
1:11:13 Japan
1:20:08 Latin America
1:21:48 Middle East (West Asia)
1:22:41 Dedollarization
1:24:18 Outro
VIDEO: https://www.youtube.com/watch?v=wpYgXMkzWc8
Read Michael's article on Trump's attacks on Europe, Korea, and Japan: https://www.geopoliticaleconomy.report/p/michael-hudson-trump-europe-korea-japan
You can support Michael on Patreon at https://Patreon.com/MichaelHudson
Topics
0:00 Trump attacks US allies
0:35 Exploitative US deal imposed on Japan
3:04 ICE detains South Korean workers
5:46 Trump to abolish Education Department
6:29 Angering US allies
7:19 US trade deal imposed on Europe
8:37 BRICS & SCO build multipolar order
10:20 Intro to Michael Hudson
10:46 Highlights of Michael Hudson
13:58 Interview starts
15:03 The BRICS alternative
18:54 US strategy of economic colonialism
26:01 Europe
33:06 India and Eurasia
35:15 Trump's tariff trap
37:28 Energy
41:03 Backlash in Europe
43:43 EU did not negotiate
46:48 European capital flows into US
49:40 BRICS sells US Treasuries
53:24 South Korea
56:59 Attacks on immigrants
1:05:37 Class politics
1:11:13 Japan
1:20:08 Latin America
1:21:48 Middle East (West Asia)
1:22:41 Dedollarization
1:24:18 Outro
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