Re:Best Buy and Target CEOs say prices are about to go up be...
by cmrdporcupine on Tuesday March 04, 2025 @10:04PM
(#43262129)
Depending on elasticity of demand and supply it will drive up the US made products (if they exist) at the same time.
Also encouraging people to produce the stuff locally only works if they can rely on the stability of the market.
Plus there's an intrinsic advantage that exporters in lower wage zones have over the domestic market. US workers are paid more than Canadian, and certainly paid a hell of a lot more than Chinese ones. So whatever is made domestically is just intrinsically more expensive.
You can make an argument for protectionism and self-sufficiency on various basis. But you can't make a good argument for erratic and sudden and unreliable protectionism.
Also encouraging people to produce the stuff locally only works if they can rely on the stability of the market.
Plus there's an intrinsic advantage that exporters in lower wage zones have over the domestic market. US workers are paid more than Canadian, and certainly paid a hell of a lot more than Chinese ones. So whatever is made domestically is just intrinsically more expensive.
You can make an argument for protectionism and self-sufficiency on various basis. But you can't make a good argument for erratic and sudden and unreliable protectionism.