1/It’s possible that tariffs might actually “work” in cases like Apple (tons of cash to repatriate & enough scale to run an automated US factory). But man, it’s going to devastate small business. Ex: avg auto parts brand does 7% EBITDA. 25% increase in COGS and you’re dead.
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Replying to @zackkanter
You do realise that other countries will replace China as manufacturing hubs?
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Replying to @TokenDomains
Sure, that'll happen in the long term. Short term will be extraordinarily painful for small businesses.
10:03 AM - 20 Sep 2018
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