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You would have to tariff every country with a comparative advantage in manufacturing cheap goods, not just “the cheapest countries” in general. Otherwise, we’d
by Jorge1o1 7y ago
You would have to tariff every country with a comparative advantage in manufacturing cheap goods, not just “the cheapest countries” in general.
Otherwise, we’d be moving our production to Pakistan and not India (a country with a comparably low cost of living)
- klingonopera 7y agoSupply chains are another reason, why shifting production to a lower-cost labour country is not done overnight.
- chrischen 7y agoIt’s also why they wouldn’t shift to the US overnight. And for over many nights, it’d still not shift to the US which is my point.
- chrischen 7y agoThe biggest factor in cheap manufacturing is labor cost. Even if the place doesn’t have existing infrastructure it’s better investment there than domestically. The article even says it: most companies have stayed in China or moved to other countries like Vietnam.