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21 sats \ 1 reply \ @Bell_curve 8 Jul \ parent \ on: The dollar's worst start to the year in decades charts_and_numbers

Tariffs are indirect currency devaluation

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0 sats \ 0 replies \ @openyoureyes 8 Jul

Exactly. But only when it is on everything.
It is a good tool to protect a industry. But it is now abused.
Funfact: the us was always fighting for a free market with no taxes. It accused other nations of violating free market rules by taxing foreign or subsidize its own industry. And now this.

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