Source: Liberalism.org
by Adam A Millsap
“It is true that trade can create strategic vulnerabilities. Even if Chinese companies could make guns, ammunition, tanks, and fighter jets cheaper than every U.S. company, it would be a mistake to import our military equipment from a potential adversary that could cut off our supply of weapons. A similar, though weaker, argument can be made for things like steel, rare earths, magnets, certain pharmaceutical ingredients, or computer chips. The existence of these vulnerabilities, however, does not tell us anything about how to address them.” (08/28/26)
https://www.liberalism.org/p/the-national-security-externality-can-t-justify-recent-tariffs