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by epistasis 251 days ago
The role for protectionism is in the early stages of government subsidized and promoted industries, but it has to be matched by ruthless cutting of subsidy for the lower performers. And eventually there has to be competition with the global market to ensure performance.

Taking a mature industry and adding protectionism because of underperformance is a disaster on all fronts.

We were in the middle of a huge industrial investment buildout, absolutely untold of in modern history, for solar and batteries. But with the goal of undoing anything the prior administration has done, we are abandoning the good that a little protectionism could have for a growing battery and solar industry in the US.

We are toast without big changes. The world is leapfrogging us, and with every dozen GW of solar and batteries that China exports, it is permanently lowering demand for US natural gas and oil, which will eventually torpedo the industry, or leave the US with far higher energy prices than the rest of the world, both of which are disastrous for industry.