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[-] FuckyWucky@hexbear.net 28 points 1 month ago

I think there will be some serious import undervaluation if such tarrifs were implemented.

[-] plinky@hexbear.net 32 points 1 month ago

Oh yeah, this crate of plushy animals totally cost 30 bucks quokka-wink

china export will collapse (on paper)

[-] FuckyWucky@hexbear.net 18 points 1 month ago

Yea that's the problem with trade controls without capital controls. You can still pay China pretty easily.

I guess Trump could expand the bureaucracy to catch mismatch between foreign currency transfers and trade but that will be "expensive" in that Government spending will go up.

[-] plinky@hexbear.net 17 points 1 month ago* (last edited 1 month ago)

I mean if demand is high enough one might make offshore companies to process payments in untraceable manner for 5 % (at least that's around legal rate i believe). I just pay shp2usa, they pay someone else, they convert money to euros and pay in singapore, and my stuff arrives with printed price 0.3 $ per pound, customs are a joke due to speed of process

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this post was submitted on 09 Nov 2024
203 points (100.0% liked)

chapotraphouse

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