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Makes me wonder if the recent/current ammo shortage would have been as severe if Chinese ammo was still imported?
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I've thought about that a lot over the last few years and I think that the answer is a definitive "No."
It might have still been bad but more supply would HAVE to help.
It is my opinion that part of the reason that the ammunition prices were so low during the early and into the mid-1990s was the huge supply of Chinese ammunition. The prices actually fell significantly between 1990 to the mid-1990s.
It will be hard to get support to eliminate that restriction because domestic gun and ammunition manufacturers will likely oppose any such measure. I doubt that any of them would see the re-introduction of Chinese ammo & guns into the U.S. market as a positive move.