• Maggoty@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    26 days ago

    We can do that without import taxes. I deride Biden’s CHIPs act as a giveaway to billionaires but it is certainly going to cause chip manufacturers to move their operations to the US instead of China. While I’m not excited about more low wage jobs, I’m less excited about import taxes that codify domestic monopolies and often cost jobs.

    • intensely_human@lemm.ee
      link
      fedilink
      English
      arrow-up
      0
      ·
      25 days ago

      How do you figure it would cost jobs? Just less economic activity over all? Importing business just can’t do business any more and goes under? That will definitely happen in some places, if those companies are just barely hanging on.