Right.
Recreating them won't be simple and it won't be cheap.
Neither was going to the moon, but it was the right thing to do.
So where is the incentive for investors to sink the billions of dollars necessary to rebuild industries from scratch just so they can produce, as you put it, cheap junk for Walmart?
Profit????
How much of a profit margin is there in that, given the risks involved and especially when Congress could come along and repeal all those tariffs, making their investment worthless?
Industry will adjust. Come back and tell me in two years how much their capital investments are worth in China.
You disagree? Then tell me who is making TVs or cell phones or microwave ovens in this country?
Neither was going to the moon, but it was the right thing to do.
It was also a federal initiative that was not supposed to make a profit. Are you saying the government should go into the textile business or grant large subsidies over and above the tariffs to consumer electronics manufacturers?
Profit????
Will the government guarantee one?
Industry will adjust. Come back and tell me in two years how much their capital investments are worth in China.
Probably a great deal.