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Tired of cheap chinese crap everywhere. Maybe people will start saving their money and actually buy good quality stuff locallyβ€” not made with Foxconn-style labour. Low time preference. How are tariffs on china a bad thing in this sense? I get that it’s a lot more complicated, with iphones being assembled by foxconn and the complexities of the supply chain… but still, isn’t this directionally ok? Even if we have to pay a higher price?

Replies (41)

No, China is much better at manufacturing things at scale. What you'll get is something twice as good that's not quite what you need for 10x the price. That's okay for simple things, but not good for things that need to be the right size. Apple famously ran into serious problems getting the right screws for assembly in Texas
Cutting tiny screws, forming bits of sheet metal, and populating surface mount components is hard work and doesn't pay well enough domestically, so pretty much all of our manufacturing sector moved to Asia. We kept enough to make satellites and fighter jets, but that only works when your bolt costs $200. We can build it back up, but that will take decades, and will slowly produce expensive, inferior parts along the way
We can blame people for shopping cheaply as their wages have been inflated to oblivion and taxed to hell, or go to the root of the problem and admit the central planners have run amok. Allow people to keep what they earn, remove taxes on property and businesses. Get rid of ridiculous laws that allow businesses to be a "legal fiction".. etc. Every person is their own business. Stop believing in politics, if you over 40, male and believe that shit, you are an incel.
You asked "How are tariffs on china a bad thing in this sense?" and the first principle answer is, that all state interventionism is bad (including tariffs). That's why I recommended you Mises, as he (and many others) deeply thought about all these implications from first principles. I understand your thoughts and conclusions but they are way above first principles, there are many many layers below that.