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The tariffs really should've been phased in slowly to give supply chains time to adjust. But one thing we learned from COVID is the market is dumb and over-opt
by palmotea 2y ago
The tariffs really should've been phased in slowly to give supply chains time to adjust.
But one thing we learned from COVID is the market is dumb and over-optimizes for a small number of factors, so there won't be any significant adjustment in supply chains or redistribution of capability without drastic government corrective action.
- rsynnott 2y agoThe time required would be measured in, at least, years (Brexit was in most ways less severe, and was a broadly known factor for 5 years before implementation, and a precisely known one for over a year before, and there were still very severe problems and many small businesses died), so presumably not attractive to Trump, who seems into instant gratification.