←back to thread

320 points goldenskye | 1 comments | | HN request time: 0s | source
Show context
JSR_FDED ◴[] No.45941785[source]
Tariffs are great. They protect the struggling domestic IT industry and gives it time to ramp up its production of vintage computer parts.
replies(14): >>45941811 #>>45941825 #>>45941938 #>>45941960 #>>45942044 #>>45942248 #>>45942306 #>>45942380 #>>45942639 #>>45943114 #>>45943213 #>>45944932 #>>45945406 #>>45948994 #
varispeed ◴[] No.45941825[source]
I know one US business that used to make niche electronic product. Most components they used were from China. Got hit by the tariffs that wiped all the operating profit. Guy also had to sell his home and is now couchsurfing. Business is unlikely going to recover.

Of course he considered making chips and other components in the US, but he was few billions short to start the fab.

replies(6): >>45941829 #>>45941888 #>>45942040 #>>45942090 #>>45942262 #>>45942693 #
1. epistasis ◴[] No.45941829[source]
Good thing that the US cancelled collection of unemployment stats just as all these sorts of negative business effects were happening. If a job is lost in the forest and no one is there to hear it, does it make a sound?