> Tariffs are a demand-side change, there's also subsidies for supply-side.
Yes, but subsidies are typically more complex to implement than tariffs. Imports are already controlled via customs, so you're piggybacking off existing oversight. New subsidies require entirely new oversight.
> Whatever it is you want to on-shore (or prevent from being off-shored), tariff that, but not the economic inputs to make that.
Why? Its impossible to account for second order effects beforehand IMO. I think its way better just to put up flat tariff, see what's working and what isn't and adjust from there.
I don't think this admin is doing tariffs correctly, but I welcome the added incentive for domestic manufacturing and mining.
Yes, but subsidies are typically more complex to implement than tariffs. Imports are already controlled via customs, so you're piggybacking off existing oversight. New subsidies require entirely new oversight.
> Whatever it is you want to on-shore (or prevent from being off-shored), tariff that, but not the economic inputs to make that.
Why? Its impossible to account for second order effects beforehand IMO. I think its way better just to put up flat tariff, see what's working and what isn't and adjust from there.
I don't think this admin is doing tariffs correctly, but I welcome the added incentive for domestic manufacturing and mining.