Re:Economists who defend disaster profiteers are wrong
by polskibus on Tuesday April 14, 2020 @08:36AM
(#22865091)
So the 8c is the price of economic independence from China and stability in times of crisis, could be subsidized just like agriculture is in many countries.
[ Parent
| on HN ]
Re:Economists who defend disaster profiteers are wrong
by ed_balls on Tuesday April 14, 2020 @09:40AM
(#22865792)
A repost from my other comment:
You don't need to subsidise anything. > On March 1, 2018, Trump announced his intention to impose a 25% tariff on steel and a 10% tariff on aluminum imports. > Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is "an adverse impact on national security from imports
>NAFTA originally required automakers to use 62.5% of North American-made parts in their cars to be imported duty free
You can just require that 25% of PPE purchased by the government has to be made domestically. That would give you 3-4 factories. You make a requirement so they are 1000 miles away from each other and be able to 4x capacity within 2 weeks.