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He also bragged that the tariffs bring 2 billions a day and the crowd cheered. They do realize who pays that 2 billions?
by croes 2y ago
He also bragged that the tariffs bring 2 billions a day and the crowd cheered.
They do realize who pays that 2 billions?
- Hojojo 2y agoOr that none of them will ever see any of that money and none of it will ever go towards helping them in any way?
- chrisco255 2y agoThe answer to that is far more complex than you realize. Tariffs generally force export-driven countries to devalue their currencies.
- croes 2y agoThat’s not how it works. Exhibit 1: The US Dollar devalues against the Euro. Some claim that is Trump‘s plan to make easier to pay the US debt.
- chrisco255 2y agoThis is about the yuan not the euro. Devaluation doesn't make it easier to pay debt. It helps foreign countries to pay down dollar denominated debt more easily. Meanwhile, the DXY is structurally way higher than average right now. The USD remains very strong compared to historical exchange rates despite its recent drop.