> The developed world is unable to compete on a level playing field against other countries when taking into consideration potentially enormous subsidies or developing world labor costs.

Cheap labor cost typically is only a fraction of a high-tech product. If anything, China was not the world's biggest factory, but the world's biggest assembler. It's changing right now, and China is producing more of its own high-tech components.

So a small amount of protectionism (like a 10-15% tariff) might be OK, and it will compensate for this labor cost discrepancy. But not tariffs that simply make the local industry complacent.