The US really needs to up their game when it comes to mass, cheap, attritable drones.
Many US methods are obsolete and America’s industrial base is not prepared to mass produce drones. Russia and China are already ahead of the US in drone warfare.
The US needs to work with Ukraine to learn from their experience.
“Trump’s tariffs, framed as industrial policy to reindustrialize the country, protect workers, and lower prices. Instead, tariffs have quietly consumed much of the manufacturing sector’s profits. This is unsurprising. Most U.S. imports are inputs used to make American goods. Tariffs, therefore, are taxes on American manufacturing.
Empirical work by the Kiel Institute shows that foreign exporters absorb only a trivial share of the cost. Roughly 96 percent of the burden is passed to American buyers. U.S. households and businesses—not foreign firms—overwhelmingly covered the roughly $200 billion in customs revenue collected in 2025. Companies we import from responded not by cutting prices but by shipping fewer goods to the U.S. As Kiel economist Julian Hinz put it, the tariffs amounted to an “own goal” that raised costs, compressed profits, and weakened the very industries they were meant to protect.
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Tariffs did not restore competitiveness or pricing power. They jacked up costs and made American production less attractive at the margin.”
Taiwanese chip manufacturer TSMC is building a subsidized plant in Arizona, but is having trouble dealing with: thousands of pages of regulation, unions who want Americans to get the jobs, cultural clashes, and homeowners who don’t want plants nearby.
This event shows that the US can be a tough place to do business. We should consider reform.
When countries like China focus on heavily investing, initially it works well because they invest in productive things and this grows their economy. However, later, they run out of that many productive things to invest in, in which case they are robbing their citizens of consumption and outcompeting other countries’ manufacturing, but not gaining much actual new productive benefits. This leads to debt.
Bilateral tariffs like Trump is doing don’t work. The U.S. has a huge deficit because it consumes more than it exports. A global tariff could work by making goods more expensive and incentivizing people to consume, now relatively cheaper, domestic products. Bilateral tariffs just mean Americans will import cheap goods from country C and D instead of the heavily tariffed countries A and B.
Getting foreigners to invest in the U.S. hurts the U.S.. The U.S. has plenty of capital to invest and doesn’t need more. Additional investment means driving up the dollar, making U.S. goods less competitive internationally, and hurting U.S. exports.
China has debt to support investment. The U.S. has debt to support consumption. The system is out of whack and needs adjustment.
“In theory, the CHIPS Act provided a mechanism for the federal government to retract the grant and get all or part of its money back should Intel fail to meet its obligations. It’s not clear whether the federal government would have exercised its option to take the money back, but it was an option—until Trump stepped in.
As the company flailed, Trump met with its CEO, Lip-Bu Tan. Trump first called for him to resign. Then in August, the Trump administration announced that the federal government would just take partial ownership of Intel. Essentially, the U.S. government would purchase a roughly 10 percent stake in the chipmaker, partially nationalizing the company. And funds from CHIPS would be used to do it.
Trump bragged about the deal, saying he planned to “do more of them.” The company’s stock price rose on the news, suggesting that investors liked it. But that’s probably because it was a good deal for the company, at taxpayer expense.
According to public financial filings, the federal government would disburse the remaining funds, about $6 billion, while clearing any obligations for the company to actually complete work on new domestic semiconductor fabs.
In exchange, the federal government would gain partial ownership—as well as all the financial risks stockholders usually have when they invest in companies. Those risks will now be borne by taxpayers.
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Trump gave Intel a federal bailout, removing the company’s public obligations and accountability while loading more financial risk onto the public.”