alt Hacker NewsImagine you want to build a factory in the US. You pay tariffs on the factory equipment you need - much of it is made overseas. You pay tariffs on your input goods. And then when you try to export your customers get hit with a retaliatory tariff. I don't agree with tariffs but even if we accept some level of protectionism you can't tariff everything the way this administration wants. You have to pick what you actually want to prioritize and choose your battles.
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Protectionism and tariffs simply don't work in the global world.
Capitalism will keep producing things where they make sense not where politicians want.
Exceptions make sense only to protect industries that are absolutely vital and critical for security. Ship building should be one of those for countries like US or UK.
Or when you want to kickstart an industry and need to protect it for a limited amount of time (Koreans and the Japanese both did so with some of their industrial sectors, but it was always time limited).
This administration thinks it can make every industry thrive through tariffs.
I don't see how it can work, even for a country with the resources of the US.
I totally disagree. The same factory would be made infeasible without the tariff.
What do we need that shouldn't make domesticially?
A handful of people I used to work with lost their US manufacturing jobs in 2025 by exactly this mechanism. Their job was assembling products from components built in China, for export to Europe. Their inputs got new tariffs in 2025, and European retaliatory tariffs hit them on the other end. The jobs were moved to a factory in China.