Re:US Administration announces 34% tariffs on China – 20% on EU
by yibg on Thursday April 03, 2025 @03:00AM
(#43565837)
So basically a lose lose from company and consumer perspectives. Either company makes less profit or consumers pay more or a mix of both.
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Re:US Administration announces 34% tariffs on China – 20% on EU
by naijaboiler on Thursday April 03, 2025 @07:44AM
(#43568210)
Congratulations you have just re-discovered an Econ 101 concept called deadweight loss