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To: light-bulb
In the short term, yes. But I'm assuming that if the tariffs are permanent, new US plant and equipment will come online.

And the fastest way for that to happen would be for Chinese firms who are profitable not just on labor to build that new plant and equipment here. Sometimes just the uncertainty of tariffs is enough: just ask Foxconn.

That's how the US became the world's greatest industrial power: we had high tariff barriers up until the post-WWII period. Until then, foreign manufacturers had to set-up shop here to compete or invest in American firms and transfer technology.

Sound familiar?

58 posted on 07/10/2018 10:58:19 PM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens")
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To: pierrem15

China owns enough of Detroit, as I recall, to set up shop there easily.


60 posted on 07/11/2018 12:51:15 AM PDT by MarMema (John James for US Senate. Dump Debbie!! Let's Fly Michigan.)
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