American Disruption

Ben Thompson: “The problem with these tariffs is that their scale and indiscriminate nature will have the effect of destroying demand and destroying the capability to develop alternative supply. I suppose if the only goal is to hurt China then shooting yourself in the foot, such that you no longer need to buy shoes for stumps, is a strategy you could choose, but that does nothing to help with what should be the primary motivation: shoring up the U.S. national security base.”

“Those national security concerns are real… if the U.S. wants to be competitive in the future, and not be dependent on China, it really does need to make changes — just not these ones.”