2 ms·
For many if not most of the affected imports, it would never ever make economical sense to try to rebuild a local industry from scratch, at least not without ma
by Sharlin 9mo ago
For many if not most of the affected imports, it would never ever make economical sense to try to rebuild a local industry from scratch, at least not without major subsidies. And as for local alternatives that already exist, they carry a premium higher than any tariff (because a local workforce likes to be paid living wages), even if magically scaled up to achieve some degree of economies of scale. Western economies are truly and irreversibly post-industrial.