Comment by BobbyJo
15 hours ago
> Tariffs are a demand-side change, there's also subsidies for supply-side.
Yes, but subsidies are typically more complex to implement than tariffs. Imports are already controlled via customs, so you're piggybacking off existing oversight. New subsidies require entirely new oversight.
> Whatever it is you want to on-shore (or prevent from being off-shored), tariff that, but not the economic inputs to make that.
Why? Its impossible to account for second order effects beforehand IMO. I think its way better just to put up flat tariff, see what's working and what isn't and adjust from there.
I don't think this admin is doing tariffs correctly, but I welcome the added incentive for domestic manufacturing and mining.
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