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355 points Aloisius | 1 comments | | HN request time: 0.212s | source
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joering2[dead post] ◴[] No.44391242[source]
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1. shadowgovt ◴[] No.44391483[source]
Sorry about the bad experience.

What this administration's model of tariffs completely misses is how fungible labor and manufacturing are in the world now. Business is as much about strength of information as strength of arm or strength of steel. It's hard to believe they had any professionals in the room when they came up with this "protectionist" scheme.

A good analogy a friend once gave me was that there are two ways to build a car in the US. You can tool up an industry ecosystem where you can gather (or produce) base materials and then shape and combine them into small parts, make the small parts into larger parts, do final assembly, and roll them off an assembly line. Or, you can take about as much land as you'd use for that, maybe a bit less, and grow corn. Lots of corn. Lots and lots of corn. Then you put that corn on a boat. Ten months later, that boat comes back with cars on it.

When the world is that varied a place, one country trying to jam its finger in the dkye via tariffs is a fool's errand. The economy will interpret artificial cost as damage and route around it.