So basically a lose lose from company and consumer perspectives. Either company ... | Hacker News

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		yibg 4 months ago \| parent \| context \| favorite \| on: US Administration announces 34% tariffs on China, ... So basically a lose lose from company and consumer perspectives. Either company makes less profit or consumers pay more or a mix of both.

naijaboiler 4 months ago [–]

Congratulations you have just re-discovered an Econ 101 concept called deadweight loss

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