Comment on Brooklyn electronics company Adafruit hit with surprise $36K tariff bill: "pay in one week"
shalafi@lemmy.world 3 weeks agoGrateful you’ve written all this, and I read every word and upvoted every post.
If you’re not American, you sure know our history!
Maybe I missed it, but again, give out fluctuating politics, why would anyone build factories here? If we had a hard line on tariffs, were willing to eat the short term pain, and stuck with it, I can see results. Looking at it from a capitalist’s point of view, all I see is wild risk, better to hold my cards for now.
sj_zero 3 weeks ago
Honestly, I gotta take my licks at the moment, since it looks like the US is relenting particularly with China.
So yeah, it's a couple months of pain for a slightly better(?) tariff deal, but that's not transformative. It isn't going to work like the 1800s to actually build a whole infrastructure.
If things were done like back then, it would hurt in the short and long term but the US would come out stronger for it. Instead it was just some volatility and some mild trade concessions.