2 ms·
That's one of those industries you probably want to keep a domestic presence in, for strategic reasons. Chip fab might be another. But I'd do it via subsidy, no
by flir 1y ago
That's one of those industries you probably want to keep a domestic presence in, for strategic reasons. Chip fab might be another. But I'd do it via subsidy, not tariff, otherwise you're adding friction to everything downstream of it.
- crote 1y agoI always thought that was why so much money went into the military. Requiring a domestic source for military equipment provides a neat way for local suppliers to sell their goods above fair market value. The government gets to give a subsidy without actually doing all the paperwork involved in giving subsidies, and very few people are going to argue with an "it's for national security" argument.