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US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

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Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#181
post #5

Earlier quoted context omitted.

China seems to be working on catching up, and if you remove all of your soft power maybe they look more attractive?

Absolutely. Everything the OP mentions as a reason to continue trading with the US is also a reason for Europe to trade more with China. Historically the argument for not doing that is "look at their very different values and how they bully and threaten their neighbours , and remember that if you do business there their government will happily crush you with its arbitrary power as soon as you step out of line and eve…

Europe is not going to trade more with China, if anything, they want to trade less with China, if you look at the recent events.

- Europe signing trade deal with US

- China: We can’t afford for Russia to lose Ukraine war https://www.yahoo.com/news/russia-cannot-lose-war-ukraine-09.... In other words, China is attacking Europe via Russia.

- China is in a great depression. Their only economic engine is export, and Europe is steadily putting up tariff walls.

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#182
post #47

Earlier quoted context omitted.

With this administration, it's probably just more blackmail, in the form of "it would be a pity if nobody came to the rescue when China eventually puts its Taiwan plans in motion! (Not that playing ball is a guarantee of anything either)".

This isn't blackmail. A security guarantee has value. Exactly what value is hard to say since the US is the only credible seller of such guarantees in this world order

*the US WAS the only credible seller

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#183
post #47

Earlier quoted context omitted.

With this administration, it's probably just more blackmail, in the form of "it would be a pity if nobody came to the rescue when China eventually puts its Taiwan plans in motion! (Not that playing ball is a guarantee of anything either)".

This isn't blackmail. A security guarantee has value. Exactly what value is hard to say since the US is the only credible seller of such guarantees in this world order

Until you change president... Iran made several security deals with US...

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#184
post #46
post #2

This whole economy by corruption and coercion is not going to work out.

The economy of "corruption" and "coercion" is Neoliberal Economics 101. Send your regards to pseudo economic theory from the Chicago School of Economics (ie, Milton Friedman); and to Reaganomics/trickle down economics.

Literally the opposite of reality. Not sure how it’s possible to get this so backwards

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#185
post #122

Earlier quoted context omitted.

> and retail prices can be cut by more than 100% and remain positive. I've missed this story. Can you elaborate?

It's not much of anything - Trump said he would get pharma prices down 500 percent or such.

He said it more than once on more than one occasion though. Which, as with all these things, means either:

- this is his wonky understanding (and he is pretty famously innumerate)

- he's saying it as a power game despite the pushback because people around him feel they have to smile, agree and retcon stuff to make it believable

Or indeed both.

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#186
post #21

I'd tell the bully "no deal" if I don't get controlling interest, and thus full control of the board.

As much as I'd like to see bullying firmly rebuked, I'm not sure that approach would work here.

Because even if TSMC managed to get that initial deal, they'd still be at risk of Trump revisiting it.

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#187
post #110

Earlier quoted context omitted.

Of course not. But I think it's also true to say if the US hasn't been willing or able to effectively use its military power at the margin to stop a historic enemy from annexing its neighbours with impunity, your average regional power doesn't have to worry about the US using its military power to dominate world trade.

Nothing will change in the US if Ukraine falls tomorrow. People love to cry foul when the US flexes it's might... then cry foul when the US takes a back seat... literally cry foul no matter what the US does. If Ukraine is so important to the world order, why has Europe (you know, Ukraine's actual neighbors) not stepped up with their full military power? Why is Europe not threatening troops, missiles, aircraft, tanks,…

> People love to cry foul when the US flexes it's might... then cry foul when the US takes a back seat... literally cry foul no matter what the US does.

There's a difference between the US invading Iraq and US aiding a country being invaded.

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#188
post #74

Earlier quoted context omitted.

Just last week, the director of the Bureau of Labor Statistics was fired because the jobs numbers didn't look good and that upset the person in charge.

[flagged]

So first of all, Erika McEntarfer is a she.

Second of all, revisions are incredibly common with BLS numbers, it's normal. They are trying to balance accuracy with speed, and this is how they do that.

They survey about 50,000 companies out of the 12 million registered US companies. Since the pandemic, response rates on their surveys have gotten worse. It is now about 50% at the end of the first month, slowly rising to about 90% two months later, so they update their results as the surveys get completed. The waiting is especially important because the speed of survey returns turns out to not be randomly distributed, the bigger the business, the faster it returns a survey, so small businesses are more likely to respond later. The BLS attempts to counter for that in their initial reports by inflating the small business returns that do come in early enough to account for their under-reporting, but the later returns are just incredibly valuable for getting accurate data.

Even with all of that, under normal economic circumstances revisions generally are small (they exist, but generally they cancel out thanks to the BLS inflation of the small business numbers, some of the businesses are higher than expected, some are lower, it all cancels out). Large revisions, either up or down, are generally associated with the economy changing course (lots of small businesses miss in the same direction, pretty good sign that the economy is changing)- large revisions down are often seen as a leading indicator of a recession, and large revisions up are often seen as a leading indicator of an economic improvement.

This is all true at least in the previous regime, where the BLS was trusted to be non-partisan. That reputation has definitely taken a hit; we will have to see how much trust remains in that organization going forward.

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#189

Earlier quoted context omitted.

It's not much of anything - Trump said he would get pharma prices down 500 percent or such.

He said it more than once on more than one occasion though. Which, as with all these things, means either: - this is his wonky understanding (and he is pretty famously innumerate) - he's saying it as a power game despite the pushback because people around him feel they have to smile, agree and retcon stuff to make it believable Or indeed both.

I do kinda expect he saw the number on a paper and has latched onto it, personally. I doubt he can interpret tables or charts.

Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief

#190

[flagged]

> So, to all the majority of haters in this thread (and all those who will soon downvote me) I say this...

Please don't comment like this on HN. Sneers and swipes at others in the community are against the guidelines (https://news.ycombinator.com/newsguidelines.html) and drag down the standard of debate from what we're aiming for. We want HN to be a place where we can discuss difficult topics and hear different perspectives, but everyone needs to make an effort to express their positions without snark.

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