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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

#431

Post by techpineapple »

seafoamteal wrote: post #91

Has the Proton CEO acknowledged just how farcically off base he was when he said the GOP was the party of small businesses?

The thing that’s really been getting to me, is that, I’m liberal, not pro-Trump, but the MAGA American heartland story has been really getting to me. I want to see small business, manufacturing, small town American succeed. And there’s some part of me that thought maybe Trump, as much as I don’t like him, is the thing that is needed to make that happen, but man it seems like he’s really fucking over the people who supported him the most.

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

#432

Post by Barrin92 »

vbezhenar wrote: post #346
rat87 wrote: post #293

Earlier quoted context omitted.

I'm pretty sure it can last indefinitely as long as you keep growing and don't sabotage yourself with massive tarrifs

US debt grows not linearly. Kind of exponentially or something like that. Economy growth does not match that.

The budget deficit is not the trade deficit. You are not taking on debt when you purchase a foreign good, just like you as an individual don't take on debt when you go to Walmart and exchange money for goods but Walmart doesn't buy anything from you.

The US domestic economy is vastly larger than its foreign trade (which is only 20% of America's GDP), so you can in fact run a persistent trade deficit and a budget surplus at the same time, which the US actually did for a while during the 90s and early 2000s. We need to teach more economics honestly.

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

#433

Post by BLKNSLVR »

kmeisthax wrote: post #260
vasco wrote: post #33

Earlier quoted context omitted.

That's a funny way of looking at it because the banana republics weren't called that because they were "bananas" or something. They were called that to identify which of those countries had had state and megacorp interference and government toplings, by mostly the United Fruit Company - an American company. Whatever the banana republics were they were turned into that by the US's doing, so it's funny that now the ter…

People commenting here about Trump corruption are correct, but it's also not new . This is regression to the mean. America has historically been a highly corrupt nation with extreme wealth inequality that occasionally has shocks (e.g. Abolitionism, the Progressive movement, WWII) that allow liberals to take over and purge the system of corruption. If anything, we've had to deal with and defeat (or at least, outlive)…

I agree and my rationale of it is that it's related to the US dedication to capitalism and thus aversion to any form of socialism (even small pockets that, in my opinion, are evidently positive for society as a whole) as some kind of governmental totalitarianism.

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

#434

Post by Larrikin »

msm_ wrote: post #429
latexr wrote: post #366

Earlier quoted context omitted.

> I am genuinely at a loss at how his supporters don't understand this. His supporters value blind loyalty and obedience, not logic. They don’t stand for themselves, they stand against others. They’ll gladly suffer if they think the other side is getting it worse. They’re the perfect target to be exploited.

Do you have a source for that? I hear that sentiment expressed often by Americans I meet here, but I never saw anyone explicitly saying "yes, I/we value blind loyalty". Is blind loyalty something Trump followers officially identify with?

Can you provide any source in history where someone said they identified with being a blind follower?

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

#435

Post by stafferxrr »

voisin wrote: post #128
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…

The strategy is to sow fear and uncertainty to drive capital from stocks to government bonds and drive down the bond yield. Bessant is pretty clear about this. Once they get the bond yields down and refinance a lot of the short term debt into longer term debt they free up operating budget. Combine with Elon’s DOGE cutting costs and Lutnick raising some capital from tariffs, and it is a pretty good strategy. I don’t a…

This is exactly the strategy but it is failing miserably.

The reason for the pivot was because the 10-30 year yields didn't come down, the price on the 30 year got crushed. The 30 year almost went back to the lows.

There was literally no flight to safety. Completely the opposite.

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

#436

Post by UncleSlacky »

FromTheSteppe wrote: post #207

It actually feels nice to see US people having a taste of the kind of government their intelligence service force other nations to have by coups, except that it does not feel nice at all. I'm sorry guys.

Fascism is when colonialism comes home.

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

#437

Post by SpicyLemonZest »

cavisne wrote: post #379
belter wrote: post #354

Earlier quoted context omitted.

People should be more alarmed, the bar does not expel the lawyers at those firms from the profession. They must be breaking every misconduct rule. "The ABA rejects efforts to undermine the courts and the legal profession" - https://www.americanbar.org/news/abanews/aba-news-archives/2... Rule 8.4: Misconduct: https://www.americanbar.org/groups/professional_responsibili...

[flagged]

If every major law firm in the country is required to stroke Trump's ego, where should people get lawyers for cases Trump doesn't think they should win?

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

#439

Post by raducu »

9283409232 wrote: post #351
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.

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…

That's what you get for electing a president with the intelectual and emotional maturity of a 5 year old.

Oh, oh, also, electing a felon, you get a lot of grifring, including, but not limited to the trump crypto scam, the insider trading Trump boasted about on video (about his friends making billions in the stock market).

This guy is not playing 5d chess guys, he's just a clown surrounded by yes men.

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

#440

Post by stafferxrr »

SonOfKyuss wrote: post #68
chvid wrote: post #18

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.

It is a huge amount of various goods. So much so that even if you look up a breakdown, 25% will be in other. Chemicals, base metals, stone, glass, etc etc.

What doesn't China export? Basically everything. So everything minus these exemptions.

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