And the most logical industrial policy for those high value goods is a combination of FTAs covering inputs, credits and investment to grow domestic production and strategic tariffs coordinated with allies to limit adversaries dominance of the markets. Not tariffs on everyone til they kiss the ring.
Reposted from
Hunter
High-value manufacturing (solar, drones, cars, chips, pharmaceuticals, batteries, aerospace, etc.) - good. We should pursue a *logical* industrial policy to nurture them.
Low-value manufacturing (clothes, toasters, plastic doodahs, shoes) - bad. We're better off importing them.
Low-value manufacturing (clothes, toasters, plastic doodahs, shoes) - bad. We're better off importing them.
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