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!
I am in the middle of starting a business around a product that will get slammed by this. I was going to import the components and have the boards built here.("Made in the USA" labels are huge for my target market.) Assuming I am parsing all of this correctly it will end up being better for me to have the PCBs assembled into the products in China and not create jobs in the USA.
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
#92... Eventually. That takes a lot of time, and raises prices across the board leading to inflation and unemployment. It's a very risky roll that could easily backfire in the most spectacular way.
Re: White House announces 25 percent tariff on Chinese tech goods
#93Earlier quoted context omitted.
That would be awesome. I'd love for other countries to not blame ALL of us, for the actions of 1 individual...and would be nice to see him throw a huge hissy fit about it on twitter.
The 1 individual was democratically elected though so I guess it's just not 1 individual. Now, I wouldn't mind if the rest of the world gave him the stick, but like it or not he does represents and is the figurehead of US so it is your responsibility to deal with his actions.
Personally I like the liquid-democracy prototypes where we can 'delegate' our votes to others on matters when we don't have an opinion or we trust someone else's opinion, but can take that back at any moment if they fuck up.
Though, one way to more 'democratize' current elections by simply changing one thing would be having run-off voting. That alone could make elections way more fair, and especially more fair for 3rd parties.
We're far from living in a democratic nation though. It's a Republic (at best), but the elitist control, it's really an Oligarchy disguised as a Republic, pretending to be a Democracy.
Re: White House announces 25 percent tariff on Chinese tech goods
#94Earlier quoted context omitted.
I am in the middle of starting a business around a product that will get slammed by this. I was going to import the components and have the boards built here.("Made in the USA" labels are huge for my target market.) Assuming I am parsing all of this correctly it will end up being better for me to have the PCBs assembled into the products in China and not create jobs in the USA.
Yeah, I'm worried because a nonprofit I'm working for recently decided to manufacture a convention badge in Ohio rather than China because it was barely economically feasible... with this tariff change it may eat too far into our donations.
Re: White House announces 25 percent tariff on Chinese tech goods
#95Earlier quoted context omitted.
My intention was that the casing and PCBs would be made in the USA. The only China sourced parts would be the PCB components.(Not finalized/assembled PCBs.) As far as I know that would qualify for "Made in the USA".
By that reasoning a frozen meal could say "made in the USA" meaning the cardboard box was made in the USA.
* PCB (Milled, Drilled, Components Soldered) - USA Origin
* Connectors - USA Origin
* Firmware - USA Origin
* PCB Components (Items affected by the tariffs) - China or Otherwise
As far as I know that would qualify as "Made in the USA" or at the minimum "Assembled in the USA". Over 75% of the components have USA origins and the final transformative step is done in the USA.
Please note that I am not trying to be deceptive in my future product's labeling.(6+ months until launch.) However, with political changes like these tariffs they are something that can basically change my stance on how I decide to source in the USA.
Re: White House announces 25 percent tariff on Chinese tech goods
#96Earlier quoted context omitted.
By that reasoning a frozen meal could say "made in the USA" meaning the cardboard box was made in the USA.
* Case (Plastic) - USA Origin * PCB (Milled, Drilled, Components Soldered) - USA Origin * Connectors - USA Origin * Firmware - USA Origin * PCB Components (Items affected by the tariffs) - China or Otherwise As far as I know that would qualify as "Made in the USA" or at the minimum "Assembled in the USA". Over 75% of the components have USA origins and the final transformative step is done in the USA. Please note tha…
Re: White House announces 25 percent tariff on Chinese tech goods
#97Earlier quoted context omitted.
I'm curious how are you coming up with these economic projections? Are you running simulations? Reading reports? Are you an economist? What if China just sells to other customers? What is China subsidizes it's manufacturers, so they get paid and keep their production capacity whether or not they're actually producing? Exactly like soybean and corn farmers in the US are btw. The whole thing seems incredibly complex, a…
They can try selling to other customers, but US is still around 25% of global GDP and probably a larger percentage of the market for the components that have been tariffed. Chinese government would have to print a lot of money to make up for that, which causes it's own issues, especially when considering the amount of debt China has already racked up. The point isn't for the government to skim 25%, it's to get China…
If these tariffs are on components and not manufactured goods, then it seems like it would push manufacturing into China, not bring it back to the US.
Re: White House announces 25 percent tariff on Chinese tech goods
#98Earlier quoted context omitted.
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?
So let me ask you, do you think the people in charge do not know this? Do you buy into the media push that Trump is a petulant, reactive child who does not listen to advisers? Do you think our government is truly led by the whims of a single individual? Tariffs are a political tool. There is some objective here that is not being publicly outlined because it would defeat the purpose of the strategy. Example: Other cou…
Well, I have listened to him speak, so yes.
Re: White House announces 25 percent tariff on Chinese tech goods
#99I 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 li…
Re: White House announces 25 percent tariff on Chinese tech goods
#100Earlier quoted context omitted.
Made in USA electronics goods are now more expensive via tariffs because the equipment and the components are now more expensive. Brilliant.
Well, more likely the companies making them will just move production elsewhere or go out of business. Components are big part of the cost of your average consumer device, and margins mostly aren't high.