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by shard972
3432 days ago
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> Or, you know, we'll just import whatever it is for 2 cents more instead of paying people to do it. Unless you start to make it artificially expensive to do that through tariffs. In which case, you are essentially trying to prop up the entire economy on a house of cards. Which is what got us into a mess in the first place. What about the negative externalities that come when a country no longer has an industry that many others rely on? When it comes to things like quality and having a stable supply chain, those kinds of things can be glossed over when "it's always 2c cheaper from china". Steel is a good example, the main reason why china is still banned from trading steel on the open market even though it's so much cheaper is their lack of QA and also their government's lack of market reforms which would prevent china from effectively pumping and dumping on the world market. Or what about food? Sure you can just import 100% of your food and let all the farmers in your country go out of business to the subsidised farmers from other countries because it makes economic sense, but anyone could see the potential dangers that could occur in the long term that would make such a plan more trouble than it would be worth. |
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Adidas has moved almost all their textile production back to Germany, for example – it’s all automated now, cheaper than in China, and the QA is the best in the world.
There is no way the US can ever compete with that.