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The point of punitive tariffs isn’t to make money, but to punish. If you buy their equity you haven’t punished them but lowered their capital costs (more deman
by dhxjsbd 7y ago
The point of punitive tariffs isn’t to make money, but to punish.
If you buy their equity you haven’t punished them but lowered their capital costs (more demand for their limited equity, driving their borrowing costs down and stock price up)