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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

#411

Post by aceazzameen »

wisty wrote: post #385
9283409232 wrote: post #351

Earlier quoted context omitted.

Nothing about the tariffs make any sense. The want to use the tariffs to negotiate with countries but also say they want to use tariffs to bring back manufacturing. If you are using tariffs to negotiate then once the country gives you what you want, you have to lift the tariff thus the free market keeping manufacturing overseas. If you want to bring back manufacturing then you can't use the tariff to negotiate. I am…

Maybe Trump genuienly wants to disrupt neoliberalism? Now, a lot of people on the left use "neoliberalism" in the same way people on the right use "woke", or (Eu) football fans use the word "offside" i.e. it means "it's anything the other side do that I don't like". But neoliberalism actually has a definition used by more serious people - generally free trade and the reduction of government interference. Maybe Trump…

Maybe maybe maybe. These excuses are a fantasy. Have you considered maybe he really likes money and himself and anything outside of that doesn't fire any neurons?

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

#412

Post by quasse »

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…

Universal tariffs with no exception don't even incentivize domestic manufacturing when it cuts local manufacturers off from an outside market that's bigger than the domestic one.

My company manufactures equipment in North America, with the most expensive input coming domestically from Ohio. Guess what though? Retaliatory tariffs from the global community means that the most rational course of action is now to move that manufacturing *out of the US* so that we can sell to the global market without penalty.

Sorry Ohio, but Mexico is currently *not* engaged in a trade war with Canada and half the EU so the rational decision for a company who wants to sell in those markets is to divest from the US.

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

#413

Post by SpicyLemonZest »

badc0ffee wrote: post #395
SpicyLemonZest wrote: post #297

Earlier quoted context omitted.

Why would you want an article on someone that excludes context from their most impactful and most visible decade? It's true that an author today, who knows about his 2024 conviction for fraudulently overstating the value of his properties, would bring a much more skeptical eye to claims about what a success they were. Did he seem to be making better deals in 2010 because he was better at it then, or because nobody wa…

Because the first guy I replied to claimed Trump never did anything earlier in his life but inherit money, and I wanted to provide examples of how that isn't true. The Tiffany's transaction definitely happened, and no landowner in Manhattan has left money on the table like that since. As scummy and self-promoting as he is, he changed the real estate market in NY and made some investments that paid off in the 70s and…

Did the Tiffany's transaction definitely happen? Is there any independent verification of Trump's claims that he obtained their air rights under favorable terms because other developers were leaving money on the table?

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

#414

Post by freeone3000 »

amelius wrote: post #410
freeone3000 wrote: post #408

Earlier quoted context omitted.

It’s not “insider” trading if you post about it publicly on Truth Social, the same way it’s not “insider” trading if you took out an ad in the New York Times. The government is allowed to announce policy before doing it! Even if it affects stock prices!

Yeah, I'm not on that social media, nor do I read NYT. The same holds for millions of others.

Too bad! Insider trading, as a crime, requires that the information be nonpublic material information. You can join Truth Social and follow Donald Trump, so that makes the information public.

It actually is that broad. Futures traders often rely on industry-specific periodicals, which are “public”. Same for anything in the (high monthly cost!) Bloomberg terminal. So posting on a specific social media platform, where subscribing is free? That’s 100% public.

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

#415

Post by 9283409232 »

timschmidt wrote: post #407
9283409232 wrote: post #400

Earlier quoted context omitted.

> What is this brand of defeatist bullpucky? There is no raw material which is not contained within the borders of the US. Only some which are less expensive to extract elsewhere. Let me rephrase this. We don't have the raw materials unless we destroy national parks and pollute our waterways. We also don't have the facilities to process these materials. > I humbly invite you to visit https://www.imts.com/ this year i…

> Let me rephrase this. We don't have the raw materials unless we destroy national parks and pollute our waterways. I've got news for you, that ship sailed a hundred, two hundred years ago. Most of the eastern seaboard of the US was clearcut of old growth forest. What we have now on the east coast is new growth. Still, the number of acres of old growth remaining is staggering: https://en.wikipedia.org/wiki/List_of_ol…

> And I see no problem with forestry when practiced sustainably.

I don't have a problem with most things when done sustainably. What in the history of the US makes you believe it will be done sustainably? Gas companies still publicly deny or downplay climate change.

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

#416

Post by karaterobot »

senderista wrote: post #364
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 French Revolution didn’t go “straight to guillotines”, not even close.

I cannot tell what point you're making here. Why is this important to say?

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

#417

Post by stubish »

eastbound wrote: post #198
asadotzler wrote: post #155

Earlier quoted context omitted.

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…

And if you build your tech in US, well, you are disadvantaged because you have to pay the tariffs on every component you import from China. So it’s actually an incentive to build in China.

It is incentive to somewhere you can get Chinese components without massive Chinese tariffs, can sell to the US without massive tariffs, and has cheap labour or tax incentives. Several countries will be sticking up their hand, if manufacturers take the gamble that the tariffs will remain for a long enough period.

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

#418

Post by timbit42 »

jmclnx wrote: post #12

I cannot read it, but didn't China restrict the export of some tech related items as part of their tariffs ? I remember hearing those items are need to make assemble some components needed for some boards. I hope Wall Street is still hammering this admin. on why these tariffs are bad.

You're thinking of rare elements.

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

#419

Post by arunabha »

I was following HN guidelines and trying to come up with the most charitable interpretation. However, try a I might, I can't come up with anything better than 'sheer incompetence'

Tariffs can work, but they need to be paired with sound industrial policy and careful, strategic implementation. At the best of times, it takes a decade plus for the results to start showing.

Instead of that, so far we have seen

* Tariffs imposed as executive orders under a dubious exercise of the National Emergencies Act. This alone pretty much guarantees that they will be rolled back by the next president

* Zero participation from Congress and not even a pretense of attempting to build a bipartisan consensus

* Haphazard implementation with rates and countries affected whiplashing wildly from day to day

* Immediate capitulation at the first sign of trouble.

At this point we have shown the world that

* There is no real plan and probably never was a plan

* Trump has no actual stomach for a fight. Big economies like China can just wait for Trump to fold completely

* No one should be rushing to invest in the US given the shaky legal and political foundations of the tariffs

We brought our economy to the brink of a financial crisis, alienated all of our long standing allies, destroyed confidence in the US Dollar and economy, eased off tariffs on China while China has done no such thing and our exports to them are still tariffed at over 100%.

All of this for no real policy gains. It would be laughable if the consequences to us and future generations weren't so dire.

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

#420

Post by BLKNSLVR »

steveBK123 wrote: post #184
jm4 wrote: post #169

Earlier quoted context omitted.

It’s pure stupidity and most people don’t even realize it. Last night I met a couple at a country club where I was a guest - one of those $100k/yr places - and they asked me if my trade partners are charging me more with the tariffs. I told them the U.S. government is charging me more with the tariffs and my trade partners are charging me more because the value of the dollar is down. This was the first time anyone to…

This is why I don't know if he will/would actually hold fast through the turbulence of actually implementing anything he's threatened. Once we eat through inventories and stuff that left the ports & currently on the water, prices will go up. The country went insane when inflation crossed 5%, are we really going to do it again.. when the reason for it will be so singularly obvious?

Whilst the reason may be singularly obvious to those who consume various forms and sources of media, there's likely enough people that only consume re-published whitehouse press releases and the trump administration probably already has an alternative explanation that they'll use for these increased prices.

And their target market will eat it up and ask for seconds.

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