Nobody is concerned with any of that. A $15,000 Chinese mechanical engineer is just as productive as an American who expects $70,000 for his efforts. This repeats over and over, from the lowest level workers to the executives. It is destroying the lives of our non-elite workers, who in turn, voted for a mad man. It’s only going to get worse. The hunger for knowledge and development is much stronger outside the U.S. than inside.

Tariffs are going to put our high tech industries under enormous pressure. There are two reasons. It makes sense to import parts and lower tech components of everything we manufacture because our trading partners have developed an economic advantage in the production of those types of parts. If we make materials and those lower tech factors of production more expensive, we kill ourselves. It’s economic suicide. And high tech industries live by exporting. In equilibrium, the market outside the U.S. is much larger than the internal market. As we are to China and the rest of the world, as Germany, roughly, is to us, we will prosper only by exporting high tech, advanced design products. Everything we do has to cultivate that process.