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Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

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Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#51
post #30

From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…

[dead]

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#52

Seems a bit anti-business to have an unequal playing field just for the star-bellied sneetches. Also silly that those with the biggest piles of capital are getting exemptions when the whole purpose of this exercise is to spur local investment in manufacturing. If anything, small businesses below some threshold of revenue/staff should be getting exemptions.

You are right. Do you think all the tech CEO’s attended his inauguration for nothing? I never imagined I would see such public corruption in any western country. I am saying this as someone who supported some the current administrations agenda

The inauguration donations are pretty common across all parties, I think the Trump coin launching the day prior was the most corrupt.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#54
post #20

Pointed it out in the other thread, but this is a capitulation . China imposed retaliatory tariffs that remain in effect! There are a handful of businesses that do indeed export to China, and the net effect here is that they've all been thrown under the bus. China gets to kill/pick/control them at will now.

How will China react to this, I wonder.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#55
post #49
post #30

From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…

> assuming one even exists Why would you assume that? I don't know why people keep expecting Trump to be different than what he has consistently shown us for all these years. There's no subtle plan. There's no long-term plan. He's cranking the levers immediately available to him for the drama, as he has always done. People around him may have ideas and plans. They can sometimes get him to agree to one of these, but i…

I mean, his rich friends made 340 billion in the stock market chaos. So I suspect there is at least a vague plan, but it has nothing to do with anyone but himself and those who support him getting richer. But that's the only plan I think Trump has ever had in his entire life, or will ever have.

Like he's just not that deep. He's an incredibly shallow, inexperienced, dim, incurious old man who has never worked a job in his life, never built anything, never did anything. He arrived on top and his greatest achievement in life was managing to not lose it, in a country where it is specifically very hard to do that.

And hearing his supporters talk about how strong he is is just objectively hilarious. Man looks like 4 steepish flights of stairs would kill him stone dead.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#56
post #30

From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…

[deleted]

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#58
post #30

From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…

When it comes to global impact, can you even confidently say you're being strategic? It almost feels like staying tactical is the only viable strategy - there are simply too many variables. The chances are high that any strategy you come up with is doomed to fail.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#59
This reads to me as "we're doubling-down on 145%+ tariffs for everyone else".

This is getting frighteningly close to a Russian-style economy. As in, a handful of powerful, connected "insiders" will be allowed to operate businesses, and will dominate... while everyone else gets wiped out, by acts of government. The furthest system possible from the free-market paradigm that built the American economy as it stands today.

Russia is not a prosperous nation.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#60
post #30

From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…

This is the only explanation that has made sense to me so far. And it makes even more sense based on these exemptions.

https://www.instagram.com/share/_jW_V1hwM

This is Senator Chris Murphy explaining it’s not economic policy, it’s an attempt to blackmail corporations into submission by making a deal with him in return for sanctions relief.

Keep an eye out for what Apple and nvidia might have agreed to give.

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