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I'm skeptical of Pettis arguments in this piece. Even with tariffs, China (& others) have spent decades building manufacturing expertise, supply chains, and infrastructure. You can't simply price-advantage your way past that kind of industrial ecosystem. 1/ www.foreignaffairs.com/united-state...

Take semiconductors or electric vehicles - it's not just about cost. It's about specialized knowledge, supplier networks, and skilled workforce that take years to develop. Tariffs don't solve for that. 2/

Finally, the employment benefits Pettis promises seem theoretical at best. Real reshoring would require massive investment in training, infrastructure, and rebuilding entire industrial bases - not just making imports more expensive. 3/3