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To: kckip who wrote (15094)4/22/2025 6:26:03 PM
From: skinowski  Read Replies (1) | Respond to of 17023
 
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.



To: kckip who wrote (15094)4/30/2025 3:16:25 PM
From: Perspective3 Recommendations

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kckip
SirWalterRalegh
skinowski

  Respond to of 17023
 
Thank you for sharing this. I didn't realize that the trade imbalance was a major driver of the Revolutionary War. Taxation without representation is the textbook impetus for war, but it seems that it was part of a much larger economic argument for independence.

FWIW, a simple AI summary:
James Madison recognized that the economic imbalance between America and Britain persisted even after the Revolution, leaving the young nation vulnerable to British influence and manipulation. His Tariff Act of 1789 and later protectionist policies were crucial in countering British economic warfare, ensuring America’s independence in trade and industry.