3 ms·
The idea that you could "bring industry back" into the US with blanket tariffs is delusional and demonstrates a complete ignorance of the complexity of economic
by lo_zamoyski 2y ago
The idea that you could "bring industry back" into the US with blanket tariffs is delusional and demonstrates a complete ignorance of the complexity of economic ecosystems and industrial culture. It takes a long time for sustained expertise and the needed supply chains to grow and form and mature in an economy.
You could argue that perhaps a selective application of tariffs might help the formation of such domestic industry, but tariffs are not something to wield lightly.