The Economy, Stupid TikTok vs Louis Vuitton: How China's revenge tariffs are crashing the luxury market
Apr 17, 2025
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Chaos in US-China Tariffs
- The US-Chinese tariff situation is chaotic and inconsistent, with tariffs changing based on lobbying and labels on products.
- This volatility causes confusion for businesses and reveals the complexity of tariff implementation.
Optimism vs Anxiety in Markets
- Wealthier tech insiders remain optimistic about deregulation despite market volatility.
- Everyday investors feel more anxious due to the impact on their retirement savings and daily lives.
Tariffs' Greater Impact on Poor Americans
- Most Americans are poorer compared to Australians and lack social protections like universal healthcare.
- Tariffs increasing prices will disproportionately hurt lower-income Americans struggling to afford basics.