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"Liberation Day" Trump’s Tariffs on Europe (i.postimg.cc)

submitted 3 weeks ago* (last edited 3 weeks ago) by [email protected] to c/[email protected]

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[–] [email protected] 10 points 3 weeks ago* (last edited 3 weeks ago)

User [email protected] gave me the best explanation when I asked what the rationale is for Trump's tariffs:

His logic is: I walk into a store and buy a hat for 10$ and sell them a shoe for 7$. This means the store ripped me off by 3$. To counter this, I will add a tarriff of (3/10)/2 = 15% to all business I do with this store so they dont dare sell me anything in the future.