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A comment on Apple to increase spend with Broadcom to produce billions more U.S. chips. Parent comment
Analysis of previous tariffs have found they cost a ton, drive prices up, and increase corporate profits.
The 2018 Trump washing machine tariff raised prices not just for washers but also dryers (12%), and cost $820,000 per job onshored.
A 2012 chinese tire tariff cost $900,000 per job onshored.
It's terrible business.
https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611
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Analysis of previous tariffs have found they cost a ton, drive prices up, and increase corporate profits.
The 2018 Trump washing machine tariff raised prices not just for washers but also dryers (12%), and cost $820,000 per job onshored.
A 2012 chinese tire tariff cost $900,000 per job onshored.
It's terrible business.
https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611