[HN Gopher] The Americas Act and Its Chances of Becoming Law
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       The Americas Act and Its Chances of Becoming Law
        
       Author : eatonphil
       Score  : 14 points
       Date   : 2024-04-16 19:35 UTC (3 hours ago)
        
 (HTM) web link (globalamericans.org)
 (TXT) w3m dump (globalamericans.org)
        
       | aj7 wrote:
       | While the considerations that this act addresses are real,
       | strategically, the act looks so stupid, ineffective, and contrary
       | to market forces, and the sponsors so obscure, that it is
       | suspect.
        
       | alephnerd wrote:
       | Most acts take years to become laws, so it's highly unlikely (and
       | the article itself points that out - "it is unlikely that the
       | Americas Act will get passed in the current Congress")
       | 
       | That said, if it did pass, it's probably going to be one of the
       | strongest piece of legislation for consumer decoupling from
       | China, as it basically forces nearshoring the entire textiles
       | industry to Central and South America (Maquiladoras 2.0).
       | 
       | Good for Guatemala and El Salvador, bad for Vietnam and
       | Bangladesh.
        
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       (page generated 2024-04-16 23:01 UTC)