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bigyabai 2 days ago

I'm assuming that America isn't a kleptocracy, which I will admit is an unfair benefit of the doubt.

alephnerd 2 days ago | parent [-]

This tariff was a change that was inevitable irrespective of party. I have qualms with it's messaging and rollout, but it's something that both parties were increasingly aligning towards.

Anyhow, what's done is done, and now it's cheaper to purchase intermediate parts like PLCs from Germany (20% overall tariff) or Japan (24% overall tariff) than it is from China (54% overall tariff) or an iPhone assembled in Mexico (NAFTA has been exempted from these tariffs thanks to Congress) or a Nike shoe assembled in Philippines (17% overall tariff) than in Vietnam (49% overall tariff).

Those jobs weren't coming back to the US, and if they were they would be anyhow be automated, but at least we can reduce some dependency on China, and give breathing room to either us or our allies to build some capacity.

> Kleptocracy

Not yet using the formal definition, but absolutely autarkic now like before the 1990s