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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by bill_joy_fanboy on Thursday April 03, 2025 @02:52PM (#43573809)
> It's true that free trade is hugely beneficial to the US economy as a whole, particularly with the USD being the reserve currency.

It's true that free trade is hugely beneficial to large cap U.S. companies and their shareholders.

If you are U.S. worker without a lot of equity in the market all you notice is that your job gets outsourced.

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Re:US Administration announces 34% tariffs on China – 20% on EU by elcritch on Thursday April 03, 2025 @04:01PM (#43574663)
This “free money” also inflates housing prices. It’s one application of “trickle down economics” that works; except it’s housing prices.

Even for highly paid Silicon Valley engineers what does it matter if much of that money goes right back to landlords?

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