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pjc50 ◴[] No.43692988[source]
> China generates over twice as much electricity per person today as the United States. Why?

This appears to be completely wrong? All the stats I can find say that the US has about 4x the per capita electricity generation of China.

Other than that it seems to be mostly good points, especially the overall one: you cannot do this overnight.

> If you’re building a new factory in the United States, your investment will alternate between maybe it will work, and catastrophic loss according to which way the tariffs and the wind blows. No one is building factories right now, and no one is renting them, because there is no certainty that any of these tariffs will last

Policy by amphetamine-driven tweeting is a disaster.

> 12. Enforcement of the tariffs will be uneven and manipulated

Yup. The 145% level seems designed to create smuggling, and the wild variations between countries to create re-labelling. It's chicken tax trucks all over again.

> This is probably the worst economic policy I’ve ever seen

Per Simpsons: this is the worst economic policy you've seen so far. The budget is yet to come.

> If American companies want to sell in China, they must incorporate there, register capital, and name a person to be a legal representative. To sell in Europe, we must register for their tax system and nominate a legal representative. For Europeans and Chinese to sell in the United States, none of this is needed, nor do federal taxes need to be paid.

This is .. not a bad idea, really. It would probably be annoying for small EU and UK exporters but less so than 10% tariffs and even less so than random day of the week tariffs. Maybe one day it could harmonise with the EU VAT system or something.

(also I think the author is imagining that sub-par workers, crime, and drugs don't exist in China, when they almost certainly do, but somewhere out of sight. Possibly due to the internal migration control of hukou combined with media control?)

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like_any_other ◴[] No.43693410[source]
> Other than that it seems to be mostly good points, especially the overall one: you cannot do this overnight.

It's annoying Americans were given only two choices - offshoring is great and let's keep doing it, and, as you say, the opposite, meth-fueled let's bring back manufacturing overnight. The kind of slow and steady protection and promotion of home-grown industry that China and most of Asia so successfully used to grow their economies was completely absent as even a talking point.

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taylodl ◴[] No.43694052[source]
Thing is, manufacturing in America is up. The 2008 crises dealt a blow, but manufacturing has been building-back. I don't think people realize how many high-value items are made in the United States. Let the East Asians make our mass-consumer junk while we focus on the high-value stuff.

Just goes to show the administration isn't working with facts and doing the hard-nosed analysis required to drive effective policy.

https://fred.stlouisfed.org/tags/series?t=manufacturing%3Bou...

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like_any_other ◴[] No.43694422[source]
> Thing is, manufacturing in America is up.

I'm looking at the first chart, "Manufacturing Sector: Real Sectoral Output for All Workers" [1]. It grew until Q2 2000, when it was at 97.2. In Q4 2024 it was at 98.6. And let's not ignore how almost all leading semiconductor manufacturing (which are in and required for nearly everything) has moved to East Asia.

[1] https://fred.stlouisfed.org/series/OUTMS

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1. like_any_other ◴[] No.43708830[source]
I didn't notice it before, but these are not per capita numbers. In 2000, the US population was 281 million, and in 2024 it was 340 million [1]. So per capita, manufacturing went from 97.2 in 2000, to 81.5 in 2024.

[1] https://en.wikipedia.org/wiki/Demographics_of_the_United_Sta...