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

bloomberg.com

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

#61

Post by pkulak »

cinbun8 wrote: 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…

The plan is to make every country and CEO grovel at the feet of the boss to be exempted from the tariffs. I’d say it’s corruption, but it’s more like a protection racket.

I wonder what these companies had to offer?

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

#62

Post by zzzeek »

jonplackett wrote: post #60
cinbun8 wrote: 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.

co-sign, it's the King's Tax (as Murphy had explained in a different video I watched of his). it's that simple. also it was a giant elephant to make everyone forget that they just exposed an entire military action over Signal in a completely illegal and extremely incompetent way.

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

#63

Post by jm4 »

kevin_thibedeau wrote: post #13

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.

It’s total bullshit. Part of my business involves direct import and that’s now impacted by tariffs. The cherry on top is that what I import is not and cannot be produced in the U.S. I source a number of other products from suppliers in the U.S. and literally every single one of them is impacted by tariffs somehow, whether it’s ingredients, packaging, etc. that comes from somewhere else. Some of my materials originate in the Dominican Republic, which is now subject to a 10% tariff, although it’s more common for others in my industry to source those same materials from China. Now that China is prohibitively expensive, they will be quickly pivoting to other suppliers, which will further drive up prices. Supply chains are in chaos right now.

It burns me up that massive companies like Apple and Nvidia get a free pass while everyone else is subject to the most brain dead economic policy anyone alive today has ever lived through.

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

#64

Post by BeFlatXIII »

dkrich wrote: post #47
cinbun8 wrote: 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…

There is no plan. Talk tough, reverse under pressure, rinse repeat. Anyone surprised must not have watched season one which aired in 2019.

If Trump is America's Napoleon III, who is the world's modern Otto von Bismark?

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

#66

Post by ajross »

dave4420 wrote: post #54
ajross wrote: 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.

The horrifying thing is that they don't have to. They hold all the cards now. They can drop their new trade barriers at will. Maybe they'll ask for concessions. Maybe they'll leave them in place to kill off troublesome competitors. Maybe they'll coerce the affected companies into selling to Chinese-owned interests at a steep discount. Maybe they'll just take a bunch of bribes.

This is how a trade war looks. And we're losing. Badly.

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

#67

Post by TheSwordsman »

cinbun8 wrote: 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…

As an American, I regret to inform you that you're trying to use logic to understand a situation where it seems like logic wasn't used (in terms of the economic impact). These are the same fuckwits that tried to claim a trade deficit is the same as a tariff.

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

#68

Post by SonOfKyuss »

chvid wrote: post #18

What imports of size from China are then under full tariffs? Seems silly just to mess up a few toy importers.

Auto parts come to mind. Also there are plenty of products on shelves at big box retailers like Walmart that are made in China and won’t fall into the exempted categories.

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

#69

Post by jmull »

mppm wrote: post #42

This is pretty much how I expected this to play out, at least for now. Trump acts all tough and doesn't back down publicly , but China actually doesn't back down. So what happens is that some businesses get exemptions to mitigate the impact. Then some fine print gets changed about how the rules are enforced. Like, suddenly it turns out that Kiribati is a major electronics supplier to the US :) End result - US economy…

> doesn't back down publicly

Seems like he has been backing down publicly all week. Quickly too.

This has been a massive catastrophe, though I suspect you're right about the end result.

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

#70

Post by coliveira »

cinbun8 wrote: 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…

That's how corruption works in a banana republic. Good things for my friends, hell for everyone else. It is the furthest you can be from free trading capitalism that the US was preaching while it was good for them.
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