Comment by nashadelic
11 days ago
The effect is that the US loses its competitive edge in international markets. Is another country going to buy Tesla or BYD? Are they going to buy a DJI or an overpriced US drone? It might protect companies locally but for how long?
And what happens when you taking dumping to the logical extreme? You wind up with nobody domestically that can do any advanced work at all, because everyone gets put out of business. Then we have nothing to export and no skill or capability gradient to climb.
BYD exists because of Chinese economic protectionism. China carved out a space for its domestic products to grow. We should do the same.