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

Post by numa7numa7 » Sat, Apr 12, 2025, 4:27 PM UTC

01100011 wrote: post #171

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…

No. This reads as capitulation by Trump who is now finding out his long held, half-baked economic theories are wrong. Trump got spanked by the bond market and realized how weak his position was. He can't walk it all back overnight without appearing even weaker than he already is. He's going to slowly roll back most consequential tariffs to try to escape blame for damaging the economy.

Post by steveBK123 » Sat, Apr 12, 2025, 4:28 PM UTC

jm4 wrote: post #169

steveBK123 wrote: post #114

Earlier quoted context omitted.

The whole thing strikes me as a bunch of nepobaby/fake academic/banker bro advisors who have no idea how the physical world works. As much as I think Musk is a bad actor at this point, talking to him about supply chains would have highlighted how insane this whole plan was from day 1. My dad is a retired EE who dealt with the 90s offshoring wave and described the process of spinning up offshore production with a new…

It’s pure stupidity and most people don’t even realize it. Last night I met a couple at a country club where I was a guest - one of those $100k/yr places - and they asked me if my trade partners are charging me more with the tariffs. I told them the U.S. government is charging me more with the tariffs and my trade partners are charging me more because the value of the dollar is down. This was the first time anyone to…

Post by Herring » Sat, Apr 12, 2025, 4:32 PM UTC

aswanson wrote: post #178

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…

Exactly. I hope our government can survive the next 4 years for criminal investigations into this era. We can't become Russia.

Post by jmull » Sat, Apr 12, 2025, 4:36 PM UTC

badc0ffee wrote: post #115

ToucanLoucan wrote: post #55

Earlier quoted context omitted.

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 i…

I don't like him either, but it's not like accomplished nothing: https://www.cnbc.com/2010/11/09/Donald-Trumps-Best-and-Worst... There are some failures in there but also some wins, like buying air rights for. Heap and making effective use of them.

Post by forinti » Sat, Apr 12, 2025, 4:37 PM UTC

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.