So, to encourage manufacturers in the US to build more stuff in the US, they will increase tariffs on components so that it will cost even more to build something in the US than to build it in China.
Good plan, hello Canada!
White House announces 25 percent tariff on Chinese tech goods
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Re: White House announces 25 percent tariff on Chinese tech goods
#22Re: White House announces 25 percent tariff on Chinese tech goods
#23Earlier quoted context omitted.
I wish countries would sanction Trump's companies.
Canada appears to be considering it. http://thehill.com/policy/international/392281-canadian-fore...
FWIW this is exactly why Presidents are supposed to divest themselves of business interests. It is a very bad thing that foreign powers have the ability to apply leverage specifically to his private interests. He's suppose to act in the interests of Americans, but if he were to exempt Canada after they threaten to sanction the Trump organization, that would be the very definition of a conflict of interest.
Re: White House announces 25 percent tariff on Chinese tech goods
#24I wish that congress would stop delegating authority to the executive.
At this point, my wish is for the supreme courts of the EU and individual countries within to all indict Trump for his various crimes, refuse him entry, and to embargo any and all of his products/services/businesses as well as those of his family members.
But, the way things are going, neither of our wishes are coming true any time soon.
Re: White House announces 25 percent tariff on Chinese tech goods
#25Wonder how Apple is taking this
EDIT: Interesting, didn't know Apple manufacturing policies until now.
Re: White House announces 25 percent tariff on Chinese tech goods
#26So, to encourage manufacturers in the US to build more stuff in the US, they will increase tariffs on components so that it will cost even more to build something in the US than to build it in China. Good plan, hello Canada!
You realize that Democrats are supporting these tarrifs on China as well. China has already won the trade war by dumping steel and aluminum and stealing intellectual property for decades. This isn't even controversal.
Re: White House announces 25 percent tariff on Chinese tech goods
#27> It includes a broad range of components used in electronics manufacturing, specifically naming touchscreens, batteries, and electric motors. General components like transistors are also named on the list as well as more specific components used in televisions, cameras, and radio receivers. [..] Notably, the list does not include cellphones or completed televisions.
So, this will, er, serve to discourage companies from making consumer goods in the US, with buying consumer goods from China becoming relatively more attractive? Doesn't seem very well thought out.
Re: White House announces 25 percent tariff on Chinese tech goods
#28I guess my earlier comment was too long, so let me provide a shorter version: this action actively harms anyone attempting to design, prototype, and manufacture electronic devices in the US. There isn't a single component in the projects I'm currently working on which isn't impacted by this. My cost of goods just went up by 25% across the board today in an effort to help "protect" American businesses.
I don't feel like I've been protected by this.
The full list: https://ustr.gov/sites/default/files/enforcement/301Investig...
Earlier comment (now hidden) with a list pertinent to hardware developers: https://news.ycombinator.com/item?id=17320653
Re: White House announces 25 percent tariff on Chinese tech goods
#29So, to encourage manufacturers in the US to build more stuff in the US, they will increase tariffs on components so that it will cost even more to build something in the US than to build it in China. Good plan, hello Canada!
You realize that Democrats are supporting these tarrifs on China as well. China has already won the trade war by dumping steel and aluminum and stealing intellectual property for decades. This isn't even controversal.
Who said anything about Democrats? also last time I checked the majority of the US Government is controlled by Republicans.
Re: White House announces 25 percent tariff on Chinese tech goods
#30So, to encourage manufacturers in the US to build more stuff in the US, they will increase tariffs on components so that it will cost even more to build something in the US than to build it in China. Good plan, hello Canada!
You realize that Democrats are supporting these tarrifs on China as well. China has already won the trade war by dumping steel and aluminum and stealing intellectual property for decades. This isn't even controversal.
Does that materially change whether or not it does or doesn't make it more expensive to build products in America that rely on Chinese components?