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China

(drewdevault.com)
847 points kick | 1 comments | 20 Nov 19 15:44 UTC | HN request time: 0.227s | source
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mdorazio ◴[20 Nov 19 16:21 UTC] No.21585218[source]▶
The problem is that doing what the author proposes and severing trade relations entirely would be extremely harmful to the 99% of Americans in the short term. Prices for virtually everything would skyrocket far faster than wages. And they would do so for everyone, not just blue collar workers. In the long term things might be better, but it would be a lot more painful to get there than I think most Americans are prepared to stomach.

Personally, my thoughts are in line with the author’s, but realistically we need to be looking at unified trade sanctions on key goods and potentially clamping down on foreign investment in both directions.

replies(3): >>21585287 #>>21585295 #>>21585475 #
1. Invictus0 ◴[20 Nov 19 16:27 UTC] No.21585287[source]▶
The tariffs are working; companies are thinking about China as a problem and how to minimize their reliance on China in case of disaster. Supply chains are moving out of China and into Taiwan and Vietnam and the Philippines. This is happening slowly but also smoothly. Let's keep raising the tariffs and let companies know the planned tariffs schedule for several years in advance. When companies understand that they need to get out of China or lose their competitive edge, only then will we start to see a mass exodus from Chinese manufacturing.