This forcing function will occur regardless of who is in power. The world (China, mostly) produces enough EVs, solar, and batteries to make it happen, it’s just a matter of economics and time.
The people in charge today are temporary, the investments made in clean tech today will last decades.
https://ember-energy.org/data/china-cleantech-exports-data-e...
(China is ~1/3 of global manufacturing capacity)
Suppose that is true. Would it matter?
Oil is rarely traded in Euros but the Euro is still a strong currency.
Matter for what? IIRC, the USD is over-valued by about 10% due to being a world reserve currency.
End USD dollar dominance, and you get most of Trump's baseline tariffs forever, except on top of rather than instead of whatever extra tariffs Washington puts on imports and you can't undo them.
My first thought was to wonder about the inflationary impact of all the USD outside the USA ending up back in the USA, but then I remembered how macroeconomics has way too many feedback loops (and first-order surprises because of those feedback loops) for me to guess the full impact, especially given this isn't my field.
As, I suspect, will the damage to the civil service and the scientific community.