What if a war erupts? Suddenly the US cannot produce a lot of essential stuff - I think Covid was a good example of that happening.
Of course the question is can this be done and what will be the price if so.
What if a war erupts? Suddenly the US cannot produce a lot of essential stuff - I think Covid was a good example of that happening.
Of course the question is can this be done and what will be the price if so.
Two of his points: "Industrial supply chain is weak" and "We don't know how to make it" are exactly the same. >all the factories which make the needed components are in Asia, >because they know how to make the best semiconductors in the world.
But this is looking at the problem and then missing the point: If I decide to start mfg. IPhone in the US, I can't because there are no suppliers.
As long as nothing changes, there will continue to be no suppliers.
If I HAVE to mfg the IPhone in the US, at first I will import due to no supplier but someone will make a local supplier because they can undercut my importer.