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If your desired goal is to reduce our dependence on Chinese imports you should actually be completely against what this administration is doing. The doubled cos
by mindslight 2y ago
If your desired goal is to reduce our dependence on Chinese imports you should actually be completely against what this administration is doing. The doubled cost of importing equipment to build new factories, the unpredictability of policies changing by the month discouraging investment, the locking up of our economy (consumer and industrial) from everything we currently rely on doubling in price. All of these are things that will destroy domestic industry, and at this point it should be painfully clear that there is no plan for actually constructively growing our economy. Yet meanwhile killing the constructive attempts by the Biden administration (eg CHIPS), because you can't have the other team be successful at helping the country!
Then let's look at some of the second order effects. A container of cargo going to a US (eg Amazon) warehouse has to pay tariffs up front, whereas a direct-from-China purchase can pay the tariffs at the border with cash-in-hand. So that gives a leg up to Chinese vendors and marketplaces.
Think about Chinese companies building out factories in other countries. The tariff tax enthusiast response is to imagine we'll respond by raising tariffs on those countries as well like some game of wack-a-mole. But the reality is that trend will be spreading Chinese investment and influence even further throughout the world, and any post-facto attempt at punishment will just push that country fully into the Chinese sphere of influence!
When examined, every single action by this administration seems to be much closer to supporting the desires of our adversaries rather than helping our own situation. It's hard to know exactly whether these people are directly working for foreign interests, just following the winds of social media campaigns working hard to promote edgy feel-smart but society-killing memes, or somewhere in the middle with a wink-wink. But regardless, we need to pull up hard from this societal embrace of team-sport ignorance if we want to have any future that isn't being a hollowed out backwater.