> If you have massive inventory in China or you've invested in a factory to build things at scale and now your US margins are underwater, I'm not sure what you do.
Don’t have massive production in China if you want to sell in the US. The writing has been on the wall for this for almost 20 years. Even Obama was talking about it in 2007-08.
In the same way that production if brought into the US will lean heavily on automation since it will be cheaper than the pay any US employee will demand.
Most trade war reciprocal tariffs are carefully targeted for political pressure rather than blanket. Under Republican presidents you might tariff whiskey (easily substitutable, made mostly in red states) and under Democratic ones Boeing or Facebook.
Don’t have massive production in China if you want to sell in the US. The writing has been on the wall for this for almost 20 years. Even Obama was talking about it in 2007-08.