Trumpenomics
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The Wall Street editor of The Economist magazine had this to say about the exemption for Chinese made electronics:
If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.
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@jon-nyc said in Trumpenomics:
ChatGPT gave me an estimate of 4-7 years to build a large aluminum smelting plant in the US at a cost of ~$5B per million tons of annual output. Oh and that assumes you have 15-20 terawatt hours per year of electricity generation nearby, enough to power about 1MM homes.
So yeah, no one’s doing that based on a tariff that might not last until June, let alone 2030.
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