Smartphones and computers will be exempt from Trump's steep China tariffs, the U.S. Customs and Border Protection revealed late on Friday night.

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.

  • taladar@sh.itjust.worksEnglish
    41·
    3 days ago

    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.worldEnglish
      12·
      3 days ago

      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