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by water9
327 days ago
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because tariffs only raised the prices of goods that can’t be bought anywhere else. The thing is America can make pretty much everything and by doing so it forces more American labor, which is more expensive for the ultra rich, who owned the companies that the laborers work for.
The biggest factor, however, is that it impacts the velocity of money. The hundred dollars that you spend on an American business goes to another American and the cycle continues in America enriching everybody instead of immediately fleeing overseas, which just access a devaluation of the currency |
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