4 ms·
> Err, yes, obviously. It's not really that obvious because an escalating global trade-war is rarely good for anybody, and tariffs only end up costing the cons
by freeflight 6y ago
> Err, yes, obviously.
It's not really that obvious because an escalating global trade-war is rarely good for anybody, and tariffs only end up costing the consumers.
That's also why even after years of Trump tariffs on China, and all kinds of other countries, there was still no major shift of manufacturing back to the US.
> This is a very very easy problem to solve... once we wean ourselves off the cheap tat China produces
That "cheap tat" is by now a globally unique industry [0] that took decades to be built, by a government that can centrally plan in the decades. You can't just replace something like that from one day to another, and it most certainly wouldn't be easy.
[0] https://youtu.be/hp6F_ApUq-c https://youtu.be/hp6F_ApUq-c