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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1507609)12/11/2024 1:22:56 PM
From: Augustus Gloop1 Recommendation

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longz

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A lot of questions there - I don't have the desire to respond to all of them but....

<< Which new industries are at risk of getting destroyed without the protection of tariffs?
EVs?
AI?>>

EV's - yes. BYD can have a negative impact on our EV industry and I'm not willing to give them the chance.

AI - sorta. I'm less concerned about AI tariffs because my solution to the AI problem is to sell them old technology.

Both of those industries are fairly young - let me cite an example of tariffs that protected early stage industries.

In the 1800's the Brits we able to produce steel at less than half our production costs. We laid a huge tariff on their steel so that would could build our own steel industry. Had we not done that there would be no U.S. steel or Andrew Carnegie. Given the future wars we were about to experience it's a good thing we protected our up and coming steel industry.

_____

We need a level playing field. If that means our companies make a good profit - I'm ok with that. If, otoh, they use the tariff to fleece the American people - we've got a problem and we'll address it if and when that happens.

We needed to be watching this back in the 80's, 90's etc etc - we gave away our manufacturing base - bad mistake.

For me to address all the issues (good and bad) would require a War and Peace length response so let me end with this: Lets not buy trouble! Lets wait and see how this plays out - trump may or may not impose tariffs - we don't know. They need to be on the table as an option. We have nuclear weapons for the same reason
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