this post was submitted on 07 Nov 2024
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Oh, the thing Trump called "so bad" on Joe Rogan a couple weeks ago? He said that tariffs are his preferred strategy to force companies to build in the US. Maybe that was just rhetoric and you can't trust it, but he did say it.
As it stands, CHIPS isn't going anywhere, so at least Americans won't be totally fucked.
I know these things take time, but it's really hard not to be skeptical of CHIPS amounting to much. It reminds me too much of all the grant money given to telecom companies like AT&T and Verizon - supposed to be for improving infrastructure and implementing 5G, but they just pocketed the money as profit.
For what it's worth, I agree with you. Most telecom infrastructure funding has been historically pocketed. There is a chance it does work, though.
If not, maybe the tariffs will help in the short term by minimizing profit from overseas supply chains and incentivize American manufacturing, causing a positive effect on the sector in concert with CHIPS (but I doubt it).