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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.
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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.
It's exactly what it is. And, the seemingly haphazard, unpredictable nature of it is a feature, serving as perfect cover: "Why these exemptions?" "Who knows? None of it makes sense." But, of course, it does. It's also consistent with other, publicly-wielded cudgels, like the law-firm extortions under threat of executive orders.
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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 rebu…
>the Chinese economic model of government-controlled economic direction, though not perfect, would work better You want the US government to provide more subsidies to US tech companies so they can stay competitive? Because that is what China is doing for its tech sector.
Better than putting that money in the military, isn't it?
It's so painful watching this administration be forced to react to their preventable mistakes in-real-time with no repercussions. One thing is throwing and seeing what sticks, but at the seat of the presidency, it seems like such an antipattern for leadership. And yet, the support is unwavering. It's exhausting.
oh, they'll be repercussions. We, as a nation, will be paying for this for years and years to come.
A lot of my friends are rethinking sending their children to US for college education while Trump is in power and are considering European schools. That's probably a few million dollars over next 2-3 years potentially lost from the US economy from just people i personally know. And no one is coming from China.
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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…
> They hold all the cards now What do you mean "now?" With the amount of trade imbalance they had the ability to simply block exports at any time. It perhaps only works once but it's a very powerful lever.
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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.
The media coverage seems a bit weird to me. The primary source was released 12 hours ago, but when I did a bit of research 4 hours ago I only saw a few reports from dubious Chinese sources like this: https://www.zhitongcaijing.com/content/detail/1277768.html Then about 2 hours ago all major media outlets were covering it.
You're likely seeing the effect of timezones. It was announced at 11pm and American news companies didn't feel it urgent enough to report before their usual morning weekend staff's shift.
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> 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 fur…
So it’s actually an incentive to build in China.
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 " I actually doubt it does. Everyting is just too chaotic to be a strategy.
(This is not to say that there aren't some Project 2025 plans in the background that parts of the administration are aiming to push through.)
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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.
This is it exactly. And all the people who are calling Trump a 4cd chess master and a genius are in my opinion highly influenced by his propaganda. They have a Trump Derangement Syndrome in a worship sense.