It would take several years but we can build factories in rural parts of the US(you know, where people voted for Trump) or even in Mexico.
It would take several years but we can build factories in rural parts of the US(you know, where people voted for Trump) or even in Mexico.
[1] http://www.cjonline.com/news/business/local/2017-11-20/tyson...
[2] https://www.cbsnews.com/news/kansas-town-rejects-tyson-chick...
[3] https://www.npr.org/2018/03/19/595018875/somali-immigrants-h...
It will have to happen. IIRC, the US has trade deficits with pretty much every country it trades with. At some point, those places are going to get tired of trading real goods for IOUs and IP, especially once there are competing providers of IOUs and IP.
Isolationist policies result in the obvious: isolation.
Which is why the US needs to redevelop its economy to be able to produce more things that those countries might actually want to buy besides agricultural products. The IOU-based trade-deficit policy isn't going to cut it long term.
The section 201 solar tariffs apply to crystalline silicon photovoltaic modules made in Mexico as well as in China. And to those made in Malaysia, the Philippines, Japan, Singapore, Germany, South Korea, Canada... every country but the USA. This aspect has been under-reported outside of solar industry outlets. "Countering subsidized exports from China" is often tossed into mainstream news about this issue but the tariffs are curbing imports from everywhere. It seems crazy to me, and reminds me of the crazy steel and aluminum tariffs that have recently been imposed even on US allies.