President Trump's 10% tariff proposal

https://www.imf.org/-/media/Files/Publications/WP/2019/wp1909.ashx


https://www.wsj.com/articles/tariffs-and-the-common-man-protectionism-09b30582

https://www.wsj.com/articles/tariff...luminum-steel-producers-inputs-trade-9273b46f

https://www.wsj.com/articles/trumps...ational-economy-tariffs-unemployment-9d8a7c7c

https://www.wsj.com/articles/how-trumps-steel-tariffs-failed-11621288859

https://www.wsj.com/articles/china-trade-war-didnt-boost-u-s-manufacturing-might-11603618203

Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says

https://www.washingtonpost.com/busi...t-us-consumers-every-job-created-experts-say/

https://www.wsj.com/articles/tariffs-didnt-fuel-revival-for-american-steel-11603877400

Tariffs Are Costing Jobs: A Look At How Many

Trump trade war with China has cost 300,000 U.S. jobs, Moody's estimates

 

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Fair enough. However, what most people are doing now, TSMC does it in Taiwan and Intel plans to do it in Ohio is to build 2 separate fabs at nearly $10B each, but they are not copies. One building will run the front end processes, while the second fab runs the dirtier backend. Thus, Intel is referring to the site as the "mega-fab", as you cannot have the front end without the backend. To get finished wafers out and through rudimentary wafer probe, it will cost nearly $20B. Pretty sure this is what TI just did with their paired RFDA2 and 3 fabs paid for in part with Chips Act money as well.

As for companies that own smaller, specialty fabs, yes, they are very important to both local economies and within the high tech ecosystems. However, they are still highly, highly dependent upon China and the Chips Act does nothing to address assembly, test, components, etc....necessary for final product if those companies produce final product with the output from their fabs.

 

I believe that the Pentagon war mongers are always trying to convince presidents that there is a war looming somewhere and if we just "fire first" we can "win". Meanwhile, multi-national corporations who buy and sell politicians get America to project its military power when those corporations need it to boost profits.

Yes, that I believe in.