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> In that scenario they aren't 'paying' anything except the lost profits on goods they no longer make. But they are paying a high price by losing market share.
by writepub 8y ago
> In that scenario they aren't 'paying' anything except the lost profits on goods they no longer make.
But they are paying a high price by losing market share. Profits are one thing, but revenues are a whole other. Revenues support jobs, higher revenues typically offer all sorts of "economy of scale" benefits, etc. If Chinese manufacturers lose access to their American consumers, they have a high price to pay