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there's a trade-off for sure, but at the moment some countries make a very small percentage of their goods locally, which leaves them more vulnerable to tariffs
by raesene9 8y ago
there's a trade-off for sure, but at the moment some countries make a very small percentage of their goods locally, which leaves them more vulnerable to tariffs in a trade war.
Whilst raw materials could be easily available, there is a ramp-up time to move any industry locally, both in terms of creating the manufacturing infrastructure, and in terms of acquiring the skills needed locally.