this post was submitted on 12 Apr 2025
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Smartphones, computers, and other electronics will be exempt from President Donald Trump’s steep China tariffs, the U.S. Customs and Border Protection revealed late on Friday night.

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[–] pelespirit@sh.itjust.works 58 points 2 days ago (4 children)
[–] curbstickle@lemmy.dbzer0.com 41 points 2 days ago (1 children)

Through the stupidest means possible and devaluing the dollar.

Still dumb.

[–] TronBronson@lemmy.world 21 points 2 days ago (1 children)

It makes you wonder where they plan to store and hide the stolen wealth?

[–] kautau@lemmy.world 22 points 2 days ago (2 children)

Crypto probably since it seems they’re keen on setting up a federal crypto system or some nonsense

[–] TronBronson@lemmy.world 5 points 2 days ago

Might as well if the bond market crashes. They basically have to control the entire market and demand payments in crypto. Declare victory in monopoly with USD and then invent a new currency off its death? I just honestly don't see how you scam the world out of trillions and benefit from all the money. Especially if you completely devalue all the money and investment assets permanently.

[–] taladar@sh.itjust.works 3 points 2 days ago (1 children)

Do you have any idea how much money the wealthy actually have? The sum of all crypto-currencies put together is a drop in the bucket compared to that. Not to mention that the money is basically useless in that form without someone willing and able to buy it for some sort of actually usable currency.

[–] kautau@lemmy.world -1 points 2 days ago (1 children)

Sure but how is it any different than hiding gold in Switzerland or art in a vault somewhere? Until it no longer has potential wealth in the hyper capitalist market it’s still valuable. Wealthy people at that level are already so rich they don’t spend money, they borrow against their assets, which in this case could be real estate, gold, stocks, bonds, or because of all the amazing new crypto (not fiat btw) technology built around making crypto currency have all the same financial systems as fiat currencies and other investments, crypto. They only need to hoard the wealth. They don’t need to spend it

[–] taladar@sh.itjust.works 2 points 2 days ago

Gold is actually useful so it will never lose all value.

[–] Wanpieserino@lemm.ee 6 points 2 days ago* (last edited 2 days ago) (1 children)

Most of the money came from other rich people because 93% of stock is owned by top 10% of USA.

Well, it's your own responsibility to read politics.

I lump summed into his crash and made good money. No insider trading or anything. Just going against fear.

Let that sink in though, 90% of your people own 7% of the stocks.

Trump just invited the ones gambling correctly, it makes him look better. According to him.

[–] taladar@sh.itjust.works 9 points 2 days ago

Let that sink in though, 90% of your people own 7% of the stocks.

You forgot to take into account the large percentage that doesn't own any stock.

[–] WanderingThoughts@europe.pub 3 points 2 days ago

So that makes him a classic useful idiot.