Re:The Size of BYD's Factory
by munificent on Monday November 25, 2024 @04:19PM
(#42240325)
Oops, in "actually owned by one giant manufacturer", I meant to say "actually owned by one giant Chinese manufacturer".
If a consumer walks into a store and sees coffeemakers by ten different brands, but seven are all actually owned by one giant manufacturer and the other three by some American almost-as-giant manufacturer, then a tariff on the former will drive up the price of seven of them and the American manufacturer will almost certainly raise the prices on the remaining three. Otherwise, it's just bad business.