News for hackers. Stuff that matters.

A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by HDThoreaun on Thursday April 03, 2025 @04:21PM (#43574879)
US consumption of olive oil is more than 10x domestic production of olive oil. It is not possible to spin up olive orchards in even a medium timespan as the trees take many years to grow. It’s not about wanting to support domestic producers, it legitimately is not possible.
[ Parent | on HN ]
Re:US Administration announces 34% tariffs on China – 20% on EU by andreygrehov on Friday April 04, 2025 @06:10PM (#43588213)
That's why I believe that long-term tariffs will result in a net positive effect. Domestic production will keep growing. Things that cannot be produced locally will somehow get resolved on their own through a self-organizing chaos, so to speak.
[ Parent | on HN ]