A Reddit Refugee. Zero ragrets.

Engineer, permanent pirate, lover of all things mechanical and on wheels

moved here from lemmy.one because there are no active admins on that instance.

  • 15 Posts
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Joined 11 months ago
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Cake day: December 22nd, 2023

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  • It might, after years and years.

    Thr problem with snap tariffs is it doesn’t give the economy time to reorient. All of that overseas industrial capacity providing those imports has taken decades to ramp up, while US capabilities have atrophied badly. It will take many years for US manufacturing to fully catch up, and in the mean time the 50% or more price increase on tons of basic goods would become baked into the price of said goods and only drive additional crazy inflation.

    And even if you ramp them up over time, there is not much business incentive to jump into the water immediately, and you have the same problem.

    The article mentions consumer devices but this would also smack basically every single piece of commercial and industrial electronics hardware too and have a lot of knock on effects.