White House announces 25 percent tariff on Chinese tech goods • Hacker News Board

Re: White House announces 25 percent tariff on Chinese tech goods

#331

Post by detaro » Sat, Jun 16, 2018, 1:47 AM UTC

delbel wrote: post #327

detaro wrote: post #325

Earlier quoted context omitted.

https://news.ycombinator.com/item?id=17320653 already made a list of a bunch of interesting ones. It might not literally cover "everything", but it's a lot of common parts.

I was hoping for a list like this, but again it isn't specific to what he said. Reason is, I wanted to do an emergency last minute order on Aliexpress if it was. I was sincerely worried that it was true. But the reaction is totally overblown. That and I already have a large inventory of touch screen displays, and LEDs -- the only things that were on the list. So I am not worried.

So resistors, capacitors, relays, assembled circuit boards, ... somehow are not relevant components?

Re: White House announces 25 percent tariff on Chinese tech goods

#332

Post by jeffdavis » Sat, Jun 16, 2018, 1:50 AM UTC

Question:

What effect does domestic tax policy have on international trade, and is it a bigger or smaller factor than tariffs?

For instance, if you have very high taxes on things required for production (e.g. wages, etc.) and low taxes on consumption (e.g. sales tax, etc.) then it seems to make sense to try to produce elsewhere and import even if there is no comparative advantage and you have to pay a tariff. Does that explain the U.S. trade deficit at all?

Re: White House announces 25 percent tariff on Chinese tech goods

#333

Post by joncrane » Sat, Jun 16, 2018, 1:53 AM UTC

What's more likely:

- other countries ramp up their cheap, robust manufacturing capacity to compete with China - design and prototyping moves to other high knowledge worker, high innovation countries without a 25% import tariff on Chinese tech goods

Re: White House announces 25 percent tariff on Chinese tech goods

#334

Post by joezydeco » Sat, Jun 16, 2018, 2:29 AM UTC

garettmd wrote: post #316

joezydeco wrote: post #220

Earlier quoted context omitted.

Any coincidence that Foxconn is building a large display factory in Wisconsin?

I think that's been in the works for a while, long before any of this tariff talk has been happening. Might have been before trump came into office, but I can't remember for sure

No, Foxconn came along after the election. Trump has been carrying it around as one of his bigger economic successes.

I just have to wonder if Foxconn is now turning the screws to Trump. Give us some protection against the other Chinese display manufacturers or we'll scale down the project.

Re: White House announces 25 percent tariff on Chinese tech goods

#335

Post by lgregg » Sat, Jun 16, 2018, 2:39 AM UTC

maxwell wrote: post #321

Latteland wrote: post #277

Earlier quoted context omitted.

The US has higher wages than third world countries for most workers and more than China. So for things that take more human labor, we are disadvantaged if we make them. Those things may be cheaper to but and import. Things with more IP behind them or requiring less labor are more likely to be efficiently produced in the US. So importing those goods that can be much more cheaply in say china or mexico saves everyone i…

Why did Henry Ford pay his workers enough to buy Ford vehicles? Why is paying higher wages while keeping the money in the community/country a "disadvantage" exactly? Aren't you looking only at consumption without considering production? Honestly, this sounds like parroted ten year old globalist propaganda. Craft beer has already shot this entire line of argument down, and other industries show signs of beginning to f…

What’s special about craft beer?

Re: White House announces 25 percent tariff on Chinese tech goods

#336

Post by maxwell » Sat, Jun 16, 2018, 3:02 AM UTC

lgregg wrote: post #335

maxwell wrote: post #321

Earlier quoted context omitted.

Why did Henry Ford pay his workers enough to buy Ford vehicles? Why is paying higher wages while keeping the money in the community/country a "disadvantage" exactly? Aren't you looking only at consumption without considering production? Honestly, this sounds like parroted ten year old globalist propaganda. Craft beer has already shot this entire line of argument down, and other industries show signs of beginning to f…

What’s special about craft beer?

https://www.theatlantic.com/business/archive/2018/01/craft-b...

Re: White House announces 25 percent tariff on Chinese tech goods

#337

Post by starky » Sat, Jun 16, 2018, 3:13 AM UTC

rgbrenner wrote: post #49

Washuu wrote: post #33

Earlier 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.

You can't use the "Made in the USA" label like that anyway. It must be all or virtually all made in the USA. At best you could label it "Made in USA from Imported Parts" or "Assembled in USA." https://www.ftc.gov/tips-advice/business-center/guidance/com...

Who wrote that horrible document? How exactly does someone determine whether "All or virtually all" is applicable in their situation without specific values. Sure there are examples, but they are not exhaustive.

In Canada the definitions are simple and clear:

A "Product of Canada" must have its final transformation done in Canada, and at least 98% of the costs are incurred in Canada

Something "Made in Canada" is as above, except the value is 51% and includes a statement about whether imported parts were used.

Re: White House announces 25 percent tariff on Chinese tech goods

#338

Post by fspeech » Sat, Jun 16, 2018, 3:22 AM UTC

defertoreptar wrote: post #230

mtw wrote: post #173

Earlier quoted context omitted.

The are subsidies everywhere. The US government subsidized the oil industry for dozens of years, same for agricultural sector and major sectors of the economy (See Great Depression). Currently, electrical vehicles are also receive subsidies in most states. I'm not a big believer in IP (go Free software!). I find though if we have to strictly follow IP, then the US would have to pay for the use of paper and gunpowder,…

This goes beyond subsidies. We're talking about espionage, theft, forced technology transfers, and mandatory joint ventures if you want to set up shop in China.

"if you want to set up shop in China"

That is a funny line of logic that gets thrown around a lot, considering that the advocates' stated preference is for industries to move out of China. Isn't wide dissemination "about espionage, theft, forced technology transfers, and mandatory joint ventures" enough a deterrence for companies to stop going into China? Apparently not.

Re: White House announces 25 percent tariff on Chinese tech goods

#339

Post by fenwick67 » Sat, Jun 16, 2018, 3:32 AM UTC

ojbyrne wrote: post #273

joezydeco wrote: post #220

Earlier quoted context omitted.

Any coincidence that Foxconn is building a large display factory in Wisconsin?

The $4 billion in incentives and waiving of environmental reviews had absolutely nothing to do with it: http://money.cnn.com/2017/12/28/news/companies/foxconn-wisco...

The Foxconn plant deal in Wisconsin is just so disgracefully bad - over $4B in incentives to get 3,000 jobs. That's over a million per employee.

It's very reminiscent of sports stadium deals. Except the companies that run sports teams typically haven't had to put suicide nets around their buildings.

Re: White House announces 25 percent tariff on Chinese tech goods

#340

Post by gremlinsinc » Sat, Jun 16, 2018, 3:46 AM UTC

s73v3r_ wrote: post #276

gremlinsinc wrote: post #264

Earlier quoted context omitted.

Well, yeah. Bernie Sanders has a very high rating but even at 70 percent his high rating hardly budges the rest of Congress. The problem is they just don't work together. I wouldn't be heart broken if we decided to just break into smaller City states that came up with laws on their own so there were more options. Progressive states could have legalized weed and universal health. Red States could have no public safety…

"Bernie Sanders has a very high rating but even at 70 percent his high rating hardly budges the rest of Congress." They don't average the approval rating of each individual Congressperson. They literally ask, "Do you approve of the job Congress is doing as a whole, yes or no?" (at least that's what they did when I was asked to take one of those opinion polls). "I wouldn't be heart broken if we decided to just break i…

I just meant it'd be nicer if, we didn't have to move to Europe for a Denmark styled society, if we could just move to Vermont, Oregon, California, Hawaii, etc...

If the bulk of taxes were paid to the state, not the federal government like 80% of every tax dollar was paid to the state and state's took care of most things, and the federal government just regulated trade, maintained military, etc.. and only as far as the budget of 20% of tax would allow. States would handle their own welfare plans, education systems, etc... I think there's lots of states that could fail if everything was upto them, but some would be booming successes, just like countries in Europe, some are booming some are struggling, each is different in how they attach society's problems.