On X today, someone responded to a critique of Donald Trump’s tariffs with this common argument for protectionism:
The way to reduce supply chain risk is to "diversify the portfolio." This probably means lower import restrictions on most suppliers/potential suppliers and perhaps some on existing major suppliers, foreign or domestic.
The way to reduce supply chain risk is to "diversify the portfolio." This probably means lower import restrictions on most suppliers/potential suppliers and perhaps some on existing major suppliers, foreign or domestic.