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

bloomberg.com

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

#331

Post by anigbrowl »

jonplackett wrote: post #75
zzzeek wrote: post #62

Earlier quoted context omitted.

co-sign, it's the King's Tax (as Murphy had explained in a different video I watched of his). it's that simple. also it was a giant elephant to make everyone forget that they just exposed an entire military action over Signal in a completely illegal and extremely incompetent way.

I’m British so not that knowledgeable about us politics beyond the big players. How well known is Murphy? I’d never heard of him until I saw this video but he seems very impressive and much more electable than Biden or harris.

About as well known as a politically active Lord would be in the UK. The general public probably doesn't recognize his name, anyone interested in politics does.

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

#332

Post by mindslight »

blitzar wrote: post #113
vFunct wrote: post #84

Earlier quoted context omitted.

Which didn't really work since what exactly are US tech companies giving Trump in exchange for eliminating tariffs? And are only large corporations expected to play? I import shopping bags from Chinese manufacturers from my store, like millions of other small businesses do. What exactly are we supposed to offer Trump?

Buy a meal at Mar-A-Lago, $5mil a plate.

The second worst part is the actual food on the plate is just a dumped out bag from McDonalds.

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

#333

Post by jiggawatts »

vbezhenar wrote: post #131
galleywest200 wrote: post #86

Earlier quoted context omitted.

I am unsure why anyone would want to change the trade imbalance when you are arguably the richest country on earth. You have a trade imbalance because you are rich and can buy everything you want. Nobody in onshoring manufacturing with this level of instability in the finances of this country at this time. Trump changes his mind too often to build billions of dollars worth of factories.

Trade imbalance causes debt. Debt causes payments. As debt grows, payment grow. Eventually it causes default. It's OK to have trade imbalance for some time. It can't last forever.

Sure, but pointing a financial gun at the heads of your creditors will cause them to immediately cease giving you further loans and start selling off the debt they already hold.

This isn’t some analogy.

This is precisely what just happened!

The bond market imploded and less stupid people forced Trump to backpedal.

He’s a child playing with many-trillion-dollar matters. I wouldn’t trust Trump to split a dinner cheque.

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

#335

Post by kristopolous »

TheAlchemist wrote: post #330

It's not even a week since Secretary of Commerce Lutnick was explaining how he wants to bring back millions of jobs 'screwing the little screws in iPhones' to Amercia ? There is really a good chance that we will develop a deep understanding of how the French Revolution happened and why they went straight to guillotines.

They gave every strong indication of their incompetence possible - over years. A bunch of people said "yay for incompetence" and here we are.

These are the people who score in the bottom 20% and make up conspiracy theories on how they were right and it's the establishment who's wrong.

Any random person waiting at a bus stop would likely have managed things better.

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

#336

Post by lo_zamoyski »

TheAlchemist wrote: post #330

It's not even a week since Secretary of Commerce Lutnick was explaining how he wants to bring back millions of jobs 'screwing the little screws in iPhones' to Amercia ? There is really a good chance that we will develop a deep understanding of how the French Revolution happened and why they went straight to guillotines.

The idea that you could "bring industry back" into the US with blanket tariffs is delusional and demonstrates a complete ignorance of the complexity of economic ecosystems and industrial culture. It takes a long time for sustained expertise and the needed supply chains to grow and form and mature in an economy.

You could argue that perhaps a selective application of tariffs might help the formation of such domestic industry, but tariffs are not something to wield lightly.

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

#337

Post by belter »

TheAlchemist wrote: post #330

It's not even a week since Secretary of Commerce Lutnick was explaining how he wants to bring back millions of jobs 'screwing the little screws in iPhones' to Amercia ? There is really a good chance that we will develop a deep understanding of how the French Revolution happened and why they went straight to guillotines.

“I don’t know how you can be that stupid. How do you get to be president and then you’re stupid?”

  - Donald Trump (actual quote)

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

#338

Post by jopsen »

owenversteeg wrote: post #247

I’m not seeing anyone discuss this here, so I figured I’d raise an important point: this style of tariffs is crushing for US manufacturing. While a universal tariff with no exceptions incentivizes domestic manufacturing, a selective tariff with specific industry exceptions is absolute poison. You might think, as the authors of this exemption did, “well then we will exempt computer parts.” Then people will simply impo…

Even universal tariffs with no exceptions is a problem.

Many things cross US/Canada/Mexico border in the process being manufactured. And tariffs will stack up.

Many advanced products (tech/chip, etc) are not entirely made in any single place. Some stuff is imported, and some is exported again, and tariffing the world, will also make the world tariff you.

I think this is all around bad. Best case scenario the US has elected a president who decided to burn all political capital, alliances and credibility in search of a slightly better deal.

Doing this sort maximum pressure economic extortion style policies, *might* getter you a slightly better deal. But at what cost?

Can EU countries buy US military equipment, when it turns out that the US will withhold support for equipment we've bought and paid for, in order to pressure a democracy, fighting for its existence, into surrender.

Trump may get a win in the headlines, because everyone thinks he'll go away if he get a win.

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

#339

Post by belter »

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.

> Keep an eye out for what Apple and nvidia might have agreed to give.

Well we know Nvidia did give a million dollars already:

"A $1M-per-head dinner at Mar-a-Lago is how you get AI chips to China" - https://news.ycombinator.com/item?id=43652504

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

#340

Post by ThePowerOfFuet »

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.

Tracking-free link: https://www.instagram.com/reel/DIALTQjMKma
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