Comment on History says tariffs rarely work, but U.S. President Biden’s 100% tariffs on Chinese EVs could defy the trend, researcher says

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CanadaPlus@lemmy.sdf.org ⁨6⁩ ⁨months⁩ ago

And yet China still can’t make very good chips or CNC machines. That’s because fast development works by first picking up outsource work that’s simple, and then gradually moving to more complex types of value-added production. Without Western outsourcing, China would be economically like North Korea.

I have a feeling you’re on of those guys that thinks NK is Wakanda, though, so maybe that’s not as useful an analogy as I’d hope.

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