this post was submitted on 21 Apr 2025
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The US has a global trade surplus if you account for tech, financial and healthcare services.
There is an argument to be made that being able to produce certain things domestically is important from a national security standpoint (semiconductors for example).
Whether tariffs could actually produce that, no one actually knows.
Agreed. That makes the apparent dislike from the Republican administration of the chips act so weird. It would work well in tandem with a reasonable long term tariff precisely tailored to the goods you need to produce indigenously in future.
This would assume that their goal was to bolster American manufacturing in strategic areas or something along those lines. The evidence suggests that this isn’t their goal.
What that goal might be aside from autarky is a good question.
Yeah I'm with you in wondering about that.