So what is the most cost effective way to do so? China's pouring hundreds of billions in subsidies into fabs. South Korea is pouring hundreds of billions in subsidies.
Tariffs alone would only allow for domestic balancing of those subsidies but lose you the global market. So again, what would you recommend instead.
China is going to insist on a lot of control over the companies that it subsidizes, and South Korea is just hopelessly corrupt. If we went the China route, that's fine, but instead we do welfare for billionaires again.
Tariffs alone would only allow for domestic balancing of those subsidies but lose you the global market. So again, what would you recommend instead.