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> For example, building a chip industry can take billions of dollars in investments and years of development. Worse than that... you also need all the other th
by mikewarot 2y ago
> For example, building a chip industry can take billions of dollars in investments and years of development.
Worse than that... you also need all the other things in the "ecosystem" that support them chips, such as discrete components, circuit board fabrication, assembly, etc.
- geerlingguy 2y agoAnd the most important bit, people who can staff the plants and operate the machinery required.
- ahoka 2y agoAnd divesting capital and workers from other industries that might benefit the country more.
- marcosdumay 2y agoYes, and if the tariffs are indiscriminate, all of those things will be more expensive, making a domestic industry less competitive, for no good reason.