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We've seen this with solar panel tariffs. We add tariffs to encourage domestic manufacturing, but instead of domestic factories we just get cutbacks in installa
by _ea1k 4y ago
We've seen this with solar panel tariffs. We add tariffs to encourage domestic manufacturing, but instead of domestic factories we just get cutbacks in installations and less employment overall.
There the impacts are direct and obvious, but I worry that similar things happen in other industries as well. There are certainly a lot of people that think copper, steel, and aluminum tariffs are leading to workarounds that involve more imports of finished goods.
Is the US ultimately hurting or helping domestic manufacturing with these policies? I don't think the answers are clear.
- dan_quixote 4y agoIt's almost as though we've been warned for decades that tariffs are mostly harmful. Time and time again we prove that R&D has a massive ROI, yet it's always being trimmed since it doesn't pay off in a short-enough time frame to keep the accountants happy (<6 months).
- justsomehnguy 4y agoYou need to buy C-level for any long term investment. You can't buy MBAsed C-level who intents to drop out with a golden parachute after two years.