alt Hacker NewsProtectionism on inputs kills manufacturing. Imagine having to pay 15% more for all inputs and trying to compete with someone who doesn't have pay that.
Protectionism on inputs kills manufacturing. Imagine having to pay 15% more for all inputs and trying to compete with someone who doesn't have pay that.
Well, at least domestically you don’t have to compete with someone who doesn’t have to pay that because their product is probably tariffed directly.
Internationally, yes if you manufacture the international product in the home country, but AFAIK in auto at least there are usually satellite factories and have been for some time, and those wouldn’t be subject to home country tariffs would they?