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320 points goldenskye | 1 comments | | HN request time: 0s | source
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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.
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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.

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throw09803290[dead post] ◴[] No.45942693[source]
[flagged]
hakfoo ◴[] No.45943012[source]
Why exactly is China an enemy? They want to increase their standard of living and expand their sphere of influence. That doesn't have to hurt the US directly. What it may undermine is the idea that the US gets to unilaterally steer the developed world.

On the other hand, perhaps that's a burden the US should be excited about tossing off. It's expensive to be the World Police, and it's left them with a lot of strained reputation and burnt-through leverage. It also requires them to do a lot of "lead by example" stuff that they seem completely disinterested in (industrial policy, forming consensus, trying to present as a magnanimous moral model).

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1. cultofmetatron ◴[] No.45943419[source]
china is an enemy because they have a parallel financial institution that isn't controlled by the people who control the european/american financial hegemony and have enough military to stand up to te US uf war broke out.