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Cake day: November 18th, 2024

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  • shawn1122@lemm.eetoMicroblog Memes@lemmy.worldTrump vs China
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    11 days ago

    If only… America holds 20% of global purchasing power so an export tax like that would result in needing to lower local interest rates to boost domestic productivity, which would decrease foreign investment, eventually weakening the local currency.

    It would be hilarious if a country that exports very little to nothing to the US did it to make a point though. Totally on board with that.