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Pastimes : Observations and Collectables

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To: kckip who wrote (15094)4/22/2025 6:26:03 PM
From: skinowski  Read Replies (1) of 17026
 
Very interesting. And timely - there is a lot of confusion about tariffs - and what to expect from them.

I think, there is one thing in common between tariffs - and, for example, simply banning certain types of trades, like sales of certain American chips to China. When those bans took place, it was 100% clear that the Chinese will try to develop their own - and, having done so - they’ll proceed to compete with American chips in world's markets. Regrettably, not much was done - and now, Huawei competes with NVDA.

If we fail to make sure that tariffs would be used to encourage domestic production - the same thing will happen on a larger scale. Unable to export, we’d be forced to pay more for goods that may not be the best.
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