Comment by resters
You really think it's a success to force Apple to lose money to make US politicians look like they are "doing something" about a world economy that is increasingly leaving the US in the dust?
Meanwhile in China, 1000 engineers (to one in the US) are building all kinds of electronics and embedded systems on shoestring budgets that truly force them to learn engineering. China's industrial policy architects are likely laughing at this big folly on the part of the US.
The worst is the 100% tariff on EVs which keeps the US in an artificial economy of gigafactory, high-end nonsense when the rest of the world will be getting true economies of scale from EVs which are actually simple, reliable and low cost.
It's deeply embarrassing that the US must suffer poltical rule of its economy along with the double embarrassment of seeing other nations do it so much more effectively.
Industrial policy should be measured in terms of person months of career acceleration (experience) per dollar. The US focuses on helping prolong the dominance of internal combustion engines and taxing high profile, high-end companies that do not offer skills that transfer well into the rest of the economy. How many Apples are there? Will forcing manufacture in the US suddenly result in another company doing 2nm process and competing with Apple? It's absurd.
I know of a variety of small and medium sized US tech companies (aerospace and 3d printing / robotics) that were almost sunk by US "industrial policy" becasue they relied on a small number of China-manufactured inputs that suddenly became unavailable, forcing unplanned re-engineering and work the companies could not afford. Sadly, one went under. Meanwhile, the US firms that import finished goods are thriving selling Chinese manufactured gear -- Chinese companies didn't have to pay US tariffs on the same inputs. Utterly absurd.
Politicians should stay out of the economy and focus on moving us closer to nuclear war and promoting the religion of American Exceptionalism.
> Industrial policy should be measured in terms of person months of career acceleration (experience) per dollar
Sounds about right but how would you come close to measuring that?