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Oil has varied in a range of about 23% in the last few weeks, and the USD to CNY rate. Raw material for many things (like plastics) and obviously used for trans
by graemep 2y ago
Oil has varied in a range of about 23% in the last few weeks, and the USD to CNY rate. Raw material for many things (like plastics) and obviously used for transport.
- CamperBob2 2y agoOil has primarily gone down. Demand destruction tends to do that.
- graemep 2y agoIt went up then down. Either way, its still makes the assumption that "price change is purely due to tariffs" inaccurate - it just changes the direction of the error.
- acdha 2y agoOil has gone down, though, and the primary driver for the volatility was the tariffs. It’s not like there was a big change in production or something like the pandemic causing millions of people to change their driving habits. Again, the question is simply what non-tariff factor would explain non-trivial prices over a month? If there isn’t one, it doesn’t seem unfair to attribute the increase to a huge policy change.
- littlestymaar 2y ago> Again, the question is simply what non-tariff factor would explain non-trivial prices over a month? Having the most economically clueless US president in a century and watching his erratic behavior in real time. Tariffs are only a small piece of the puzzle.