The problem is that the US no longer has the production facilities and capabilities for so many basic things. How many screws are actually made in the US? How many electronic components, not just processors, but capacitors and resistors? All the ingredients for the chemical and pharmaceutical industry? They basically all come from China.
Yes. The CHIPS act making processors, will still send them over to Asia to make motherboards. Robotics in China is much more advanced because that is where all the customers are, and you need a lot of hands on tinkering help from manufacturer to get them to work with other processes. Boston Dynamics may be smartest in the world, but they are just making warehouse robots, and I doubt their sales are high.
Trying to build the full industrial support structure for “highest tech” industries while tariffing all imports is just an extremely tough investment proposition.
The problem is that the US no longer has the production facilities and capabilities for so many basic things. How many screws are actually made in the US? How many electronic components, not just processors, but capacitors and resistors? All the ingredients for the chemical and pharmaceutical industry? They basically all come from China.
Yes. The CHIPS act making processors, will still send them over to Asia to make motherboards. Robotics in China is much more advanced because that is where all the customers are, and you need a lot of hands on tinkering help from manufacturer to get them to work with other processes. Boston Dynamics may be smartest in the world, but they are just making warehouse robots, and I doubt their sales are high.
Trying to build the full industrial support structure for “highest tech” industries while tariffing all imports is just an extremely tough investment proposition.