So we are going to… uhh… tariff and try to repatriate a lot of lower value less strategically important manufacturing while giving up on higher value strategic stuff like chips?
Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
311–320 of 931 posts
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#312Earlier quoted context omitted.
It's not vague. I'm not a lawyer but usually cases of trading with insider information are taken very seriously. It's theft, basically. And the scale here is enormous.
Leaking, insider trading, and theft are different. And laws contain specific definitions.
There is evidence of him tweeting insider information.
Again I'm not a lawyer, and I don't care what law is applicable here. But surely this warrants further investigation.
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#313From 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.
What’s interesting to me is that in this horribly corrupt state of affairs we find ourselves in, there are thousands upon thousands of smaller businesses that are not able to seek redress the way a megacorp like Apple or Nvidia can. Your run-of-the-mill office furniture importer doesn’t have the same ability to book up a dinner and pay the requisite multi-million dollar lobbying fee as a Silicon Valley magnate. In the before times, these folks would form interest groups and lobby Congress as a unified front, but at the moment it seems as though that doesn’t work anymore. It doesn’t take imagination to see a highly noncompetitive, post-capitalist future where only the goods from megacorps are exempted, and the goods from medium sized businesses are taxed to oblivion, destroying any semblance of free markets.
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#314Why is no one highlighting how this is repeating history 8 years ago? I don’t get it, there’s this magical reporting gap where all of this is new strategy but it’s the exact same strategy. Why don’t we acknowledge this instead of searching for some new angle? Here are a bunch of links from 2018/2019: https://www.cnbc.com/2019/12/13/apple-dodges-iphone-tariff-a... https://www.kiplinger.com/slideshow/investing/t052-s00…
The tariffs from 8 years ago were a seemingly rational policy and were largely upheld by the Biden administration.
These tariffs look designed to rapidly eject the US from the global economic order and hand over the reins to China. Though saying they were "designed" at all seems extravagantly generous.
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#315Earlier quoted context omitted.
I keep seeing these explanations of “4D chess”. It’s Donald Trump. He has absolutely no idea what he’s doing when it comes to economic policies. Unless you believe he can see into the future of how other world leaders would react and consistently outsmart everyone else, there’s no 4D chess being played.
Occams razor. It's Donald Trump, I've known he was a joke since the late 80s. In middle school. Baffling to see millions of people think reality TV is real and give him nuke codes.
I knew he was a joke in the lates eighties at middle school - in the UK. Baffling indeed. I am US citizen now - equally baffling on some days...
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#316There are valid reasons for tariffs: * https://www.noahpinion.blog/p/when-are-tariffs-good Especially when it comes to certain areas of the economy: > Democratic countries’ economies are mainly set up as free market economies with redistribution, because this is what maximizes living standards in peacetime. In a free market economy, if a foreign country wants to sell you cheap cars, you let them do it, and you alloca…
I think we need to also consider that "conventional economic thinking" got us into this mess (de-industrialized, vulnerable economy, hollowed out working/middle class, enormous debt/deficit). There never seems to be any accountability for this though. I suspect it's because a particular section of society has done very well from the status quo.
> a particular section of society has done very well from the status quo
Name me a country where this is not the case. The only thing we've failed to do is educate enough of our people to prosper as a deindustrialized nation. That and failed to protect our democracy.
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#317From 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.
If this is an attempt at blackmail it appears to be failing. It's only been a few days and Trump has already unilaterally capitulated on several major positions. Unless he's blackmailing himself, the 'plan' is backfiring.
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#318Earlier quoted context omitted.
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.
I think the most probable outcome is that Trump causes enough trouble to incite the whole country against him. I don't see him completing his term. He's going to be impeached.
If he's impeached, it will be after midterms change the composition of the house. He will be acquitted in the Senate though
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#319Earlier quoted context omitted.
There is no plan. Talk tough, reverse under pressure, rinse repeat. Anyone surprised must not have watched season one which aired in 2019.
The "smart trumpers" I know have already staked out the entire range of possible outcomes: 1) He is completely restructuring global trade and decoupling us from China which is tough but necessary medicine because our biggest geopolitical adversary cannot be our largest trading partner 2) You can't believe half of what he says, he's all bluster, he's addicted to deals and will sign some fake deals to score a domestic…
Neither. They're unwilling to concede he's run out of the Kremlin and the chaos and damage is the only purpose. The only reason he backs down on any of it is because he can't afford not to, so he's doing the usual brinksmanship, instructed by whoever's telling him to axe those obscure aviation safety committees (someone has detailed info), and probably hoping he can flee to Moscow at some point.
I don't think he'll be let off the hook, though. He's tasked to ruin us well below 'status quo', even for people diligently not paying attention.
Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
#320Earlier quoted context omitted.
he's a US Senator. Senators are very important here
Yeah I get that he’s a senator! I mean how much in the public eye is he. Would a random person know who he is? We have hundreds of Members of Parliament here in the UK, but probably only 10 that most people could name. I wondered how big his public profile is.
I think Bernie Sanders is the only current senator I'd expect a random American to know. Murphy might make the top 5 highest profile senators but you wouldn't know him if you don't pay attention to politics at all.