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First, as people have pointed out you need a high likelihood that tariffs will be high for many years - advanced manufacturing costs a lot to setup and you can’
by acdha 2y ago
First, as people have pointed out you need a high likelihood that tariffs will be high for many years - advanced manufacturing costs a lot to setup and you can’t just build factories and hire skilled workers overnight.
Second, domestic manufacturers are aware of how much their competition charges. If a Taiwanese part costs $100, the domestic provider is going to charge $98, not $80.