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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

#151

Post by m348e912 »

kgwgk wrote: post #98
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.

"Star-bellied sneetches" maybe, but it's not about "biggest piles of capital" as much as about importing things with the following codes: 8471 8473.30 8486 8517.13.00 8517.62.00 8523.51.00 8524 8528.52.00 8541.10.00 8541.21.00 8541.29.00 8541.30.00 8541.49.10 8541.49.70 8541.49.80 8541.49.95 8541.51.00 8541.59.00 8541.90.00 8542

It took me a minute to figure out what you were referring to:

| Code | Description |

|--------------|------------------------------------------------------------------------------|

| 8471 | Automatic data processing machines (e.g., computers, servers, laptops) |

| 8473.30 | Parts/accessories for machines of 8471 (e.g., computer parts) |

| 8486 | Machines for manufacturing semiconductors or ICs |

| 8517.13.00 | Smartphones |

| 8517.62.00 | Data transmission machines (e.g., routers, modems) |

| 8523.51.00 | Solid-state storage (e.g., USB drives, flash memory) |

| 8524 | Recorded media (e.g., tapes, disks — mostly obsolete) |

| 8528.52.00 | LCD/LED monitors for computers |

| 8541.10.00 | Diodes (not including LEDs) |

| 8541.21.00 | Transistors (| 8541.29.00 | Other transistors |

| 8541.30.00 | Thyristors, diacs, triacs |

| 8541.49.10 | Gallium arsenide LEDs |

| 8541.49.70 | Other LEDs (not GaAs) |

| 8541.49.80 | Other photosensitive semiconductors |

| 8541.49.95 | Other semiconductors not elsewhere specified |

| 8541.51.00 | Unassembled photovoltaic cells |

| 8541.59.00 | Other photovoltaic cells/modules |

| 8541.90.00 | Parts for items in 8541 |

| 8542 | Electronic integrated circuits (e.g., microprocessors, memory chips) |

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

#152

Post by grandempire »

perihelions wrote: post #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 toda…

I didn’t know HN was coming around to how regulation and bureaucracy are anti-competitive.

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

#153

Post by xbmcuser »

perihelions wrote: post #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 toda…

The US economy was not built on a free-market. US private capitalists have been built on a free market; now that their profits are under attack because they are being outcompeted by China, so they are running away with the ball. American economy real growth, where most white Americans gained wealth, came after World War II, where it was government led and controlled. It was the same for Europe, where they had to rebuild all that was destroyed after the war. It was all mostly government controlled and financed.

The problem today is that US and European capitalists are in power and do not want to admit that the Chinese economic model of government-controlled economic direction, though not perfect, would work better and help all the world's people rather than the select few. As China becomes the dominant economy, the rest of the world has to follow to stay competitive. So these are the death knell of a dying economic and government system. The US had the chance to bring real change for the people with Bernie Sanders, but that was scuttled by the capitalist non-democratic forces, allowing for the rise of Trump. US citizens have been hoodwinked by linking socialist thought, where caring about your fellow man is undemocratic, i.e., socialism.

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

#154

Post by Spooky23 »

vdupras wrote: post #81
BeFlatXIII wrote: post #64

Earlier quoted context omitted.

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

I'm curious as to why you chose Napoleon III. The context under which he rose to power seem quite different from Trump's. America isn't in the middle of a 60-years long revolution/counter-revolution cycle. What are the similarities?

Conservatives think so.

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

#155

Post by asadotzler »

jader201 wrote: post #122
perihelions wrote: post #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 toda…

> 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 Note that this is not an exemption for companies, but an exemption for goods: > A new list of goods to be exempted from the latest round of tariffs on U.S. importers was released, and it includes smartphones, PCs, servers, and other technology goods, many…

So all anyone has to do to qualify is produce some of the most complicated electronic devices and components in the history of the world at the largest scale possible, without which there is zero chance of being sustainable or competitive, and then they can benefit from the gifts to the established giants?

What a gift. What a great idea. That'll surely spur innovation and domestic production and have no effect to further insulate the giants from competition.

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

#156

Post by asadotzler »

bitsage wrote: post #138
perihelions wrote: post #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 toda…

The prevailing school of economic thought in America, until Nixon, is actually what Trump idealizes. Protectionism from outside “threats”, on the basis of security and sufficiency, and a loosely regulated internal market. In comparison, Russia has a lot of regulatory capture and straight up corruption that stifles the internal market.

There's no "regulatory capture and straight up corruption" in the US, that's for sure /s

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

#157

Post by energy123 »

bitsage wrote: post #138
perihelions wrote: post #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 toda…

The prevailing school of economic thought in America, until Nixon, is actually what Trump idealizes. Protectionism from outside “threats”, on the basis of security and sufficiency, and a loosely regulated internal market. In comparison, Russia has a lot of regulatory capture and straight up corruption that stifles the internal market.

The Russia comparison is the corruption, not the protectionism.

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

#159

Post by joshuanapoli »

koolba wrote: post #148
joshuanapoli wrote: post #144

Earlier quoted context omitted.

This is a populism move, not pay-to-play. The imminent reality would have been this: many Americans will want to take a vacation to Canada to get a deal on their phone. That just doesn’t make sense.

> many Americans will want to take a vacation to Canada to get a deal on their phone. That just doesn’t make sense. If they’re following the law they’d have to declare the purchase when they come home.

Of course, I would declare the purchase, but I imagine not everyone would.
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