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The Jones Act (officially Merchant Marine Act of 1920) is not a tariff, so the argument that tariffs killed American shipbuilding doesn't ring true. What it doe
by cratermoon 2y ago
The Jones Act (officially Merchant Marine Act of 1920) is not a tariff,
so the argument that tariffs killed American shipbuilding doesn't ring true.
What it does demonstrate is that protectionism,
in the form of straight up import/export restrictions,
has unintended consequences
(see e.g. DeepSeek using H800s in place of export-restricted H100s)
that may harm the interests it is intended to help.