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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

#251
post #246
post #236

Earlier quoted context omitted.

> It has nothing to do with stupidity. Stop painting people as idiots because they exist in one of the most information hostile environments in human history. No. Someone refusing to spend 30 seconds understanding how a tariff works is the result of an idiot. My 10 year old figured out how they work in under 5 minutes. There’s literally no excuse for a grown ass adult to refuse to educate themselves on the subject. “…

I just googled "How do tariffs work?" I got hit with several college level vocabulary words describing tariffs in both the AI summary and my first result. It might be less of a problem, if we had adequately funded schools.

The full AI summary from DuckDuckGo for "How do tariffs work?"

>Tariffs are taxes imposed by a government on imported goods, making them more expensive to encourage consumers to buy domestic products instead. The costs of these tariffs are typically passed on to consumers, resulting in higher prices for imported items.

I don't see any "college level vocabulary words" and it directly says that it makes goods more expensive and the costs are passed on to consumers. Maybe Google's complicated answer is part of the "media environment" being criticized.

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

#253
post #246
post #236

Earlier quoted context omitted.

> It has nothing to do with stupidity. Stop painting people as idiots because they exist in one of the most information hostile environments in human history. No. Someone refusing to spend 30 seconds understanding how a tariff works is the result of an idiot. My 10 year old figured out how they work in under 5 minutes. There’s literally no excuse for a grown ass adult to refuse to educate themselves on the subject. “…

I just googled "How do tariffs work?" I got hit with several college level vocabulary words describing tariffs in both the AI summary and my first result. It might be less of a problem, if we had adequately funded schools.

>> What is a tariff? A tariff is essentially a tax imposed by a government on imported goods. When a product crosses a country's border, the importing company pays this fee to the customs authority before the product enters the domestic economy. (start of Google summary)

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

#254
post #204

Earlier quoted context omitted.

>so the logical conclusion is that American consumers will end up paying the tariffs. That’s been the point all along… they are significantly raising taxes on the bottom 90% of Americans and most are too stupid to even understand it. Gotta pay for those tax cuts for the wealthy somehow.

It has nothing to do with stupidity. Stop painting people as idiots because they exist in one of the most information hostile environments in human history. This isn't some natural state that's unrecoverable. The people you describe have been given a highly addictive media environment tailor made to engender outrage and drive behavior. It shouldn't be a shock when most people cannot resist it. The first step to chang…

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

#255
post #68
post #48

Earlier quoted context omitted.

> ... American consumers will end up paying the tariffs This has always been the case. I have never heard of a company absorbing tariffs on behalf of consumers in the day and age of "trickle down economics".

So far indications are many companies are eating the tariffs, for now. Even making them visible has drawn the ire of Trump a few times already. But I generally agree that it can't go on forever / not how it works historically.

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

#256
post #204

Earlier quoted context omitted.

>so the logical conclusion is that American consumers will end up paying the tariffs. That’s been the point all along… they are significantly raising taxes on the bottom 90% of Americans and most are too stupid to even understand it. Gotta pay for those tax cuts for the wealthy somehow.

It has nothing to do with stupidity. Stop painting people as idiots because they exist in one of the most information hostile environments in human history. This isn't some natural state that's unrecoverable. The people you describe have been given a highly addictive media environment tailor made to engender outrage and drive behavior. It shouldn't be a shock when most people cannot resist it. The first step to chang…

At this point they're not "being had." They are deliberately and belligerently ignorant. It's way past time to stop giving anyone a free pass on supporting this malevolent clown.

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

#258
post #204

Earlier quoted context omitted.

>so the logical conclusion is that American consumers will end up paying the tariffs. That’s been the point all along… they are significantly raising taxes on the bottom 90% of Americans and most are too stupid to even understand it. Gotta pay for those tax cuts for the wealthy somehow.

It has nothing to do with stupidity. Stop painting people as idiots because they exist in one of the most information hostile environments in human history. This isn't some natural state that's unrecoverable. The people you describe have been given a highly addictive media environment tailor made to engender outrage and drive behavior. It shouldn't be a shock when most people cannot resist it. The first step to chang…

Those people may not be innately stupid in the sense of not being able to learn or understand things. But they have been rendered functionally stupid by the media, propaganda, and politics. I actually find that state quite unrecoverable.

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

#259

Tariffs kinda make sense when you have a deficit in a widely available item. Big trade deficit with Bangladesh? Sure you can buy cheap textiles from Thailand or Vietnam or something. Unfortunately this approach does not work when you lack a viable domestic alternative and you're up against a monopoly. What will the US do if TSMC does not blink? Not buy TSMC made chips? Obviously that is impossible, so the logical con…

tsmc(taiwan) will blink for the same reason europe did and japan did, and for the same reason india and brazil did not.

when you take a step back and look at the deal breakdown, this is protection money not a trade negotiation.

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

#260
post #213
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)".

Every promise of this administration is worthless, so why even bother? Either they protect you, because they don't want the chip tech to fall to China or they don't. Buying half of Intel isn't going to change anything

The meta of Trump mercurialness is convincing counterparties they should do whatever they can to make him happy, even on unrelated matters.

I think it's a braindead, 4th-grade way to run international negotiations, but it is a way.

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