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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

#441

Post by raducu »

rchaud wrote: post #378
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…

The finer points don't matter. If it did, they'd be wondering why the nation is not awash in coal jobs and why Obamacare wasn't repealed. Both of those were supposed to have happened by 2020. Tariffs are sold to them as "hitting back" against countries "exploiting America". They don't know what they are or how they work, and they definitely do not think of it as a tax, which is the definition you'd see in any AP Macr…

> maintaining the illusion that "he's fighting for people like me"

There is no illusion - if Trump was a profesional working in any trade, the plebs wouldn't hire him, yet they elected him president.

It's just that the plebs think Trumps is the aristocrat most like them, and by electing him they somehow screw the arisrocrats over.

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

#442

Post by sho_hn »

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…

Have you heard the engineering adage "the purpose of a system is what it does"?

Second-guessing the motivations of the Trump administration is tiresome. Let's just judge it by what it does and its effects, both speak for themselves.

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

#443

Post by jmward01 »

timmg wrote: post #392
jmward01 wrote: post #376

This is a massive sign that Trump's double down strategy is failing badly. He only has one play: Be a bully and double down any time someone fights back. It works when you have the leverage but as soon as you don't anymore you loose, big. The US just ran out of leverage. I don't know about everyone else but I just started looking into how to move money and investments outside the US.

> I don't know about everyone else but I just started looking into how to move money and investments outside the US. Based on tweets I've seen, you are not the only one engaging in "capital flight". Not great for the US. One would like to think this will be a good lesson for the administration. But I'm worried that they are not acting completely rationally.

he only has the one play so there is really only one outcome.

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

#444

Post by SpicyLemonZest »

karaterobot wrote: post #416
senderista wrote: post #364

Earlier quoted context omitted.

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?

The original comment was based on a popular but wildly inaccurate summary of the French Revolution, where the average Joes got increasingly fed up with their rich oppressors and eventually decided to execute them. The revolutionaries never adopted a general policy that rich oppressors should face death, and most people who got guillotined were average Joes who ended up on the wrong side of some political dispute or another.

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

#445

Post by standardUser »

zzzeek wrote: post #430
standardUser wrote: post #317

Earlier quoted context omitted.

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.

You don't know what capitulations are happening behind the scenes

No, so far we only see the very public capitulations coming from the Trump administration. We're also seeing a lot of signaling, also very public, from every other major economy that they are prepared to move on without the US.

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

#446

Post by vkou »

tekla wrote: post #355
vkou wrote: post #222

Earlier quoted context omitted.

He won the popular vote in a year when incumbents across the world ate shit at the polls because of COVID inflation. The US had the smallest drop in support for an incumbent party.

And yet he still won

It's a winner take all two-party election where a 3% swing in sentiment results in a complete blowout.

Generally one of the two participants wins those.

There's a really serious systemic problem with the party that chose him in its primaries, and there is nothing to prevent it from happening again, but my point is that a 49.8% mandate given the circumstances is... Well, it's not one of overwhelming sentiment.

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

#447

Post by vkou »

jtthe13 wrote: post #248
vkou wrote: post #221

Earlier quoted context omitted.

Small businesses die and start all the time. It's unsurprising that more of them would die during a massive recession and a global pandemic. Those numbers are meaningless without a similar count of small businesses opening.

I gather you haven't started your own business, or did yours start and die repeatedly?

People die all the time, and every year, more people are dying than any prior year in history.

Without context for how many people are born every year, one might read that and conclude that we're about to all die out.

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

#448

Post by TeaBrain »

Animats wrote: post #372

Since last night, anyway. The people who make shipping work are frantically trying to keep up. One of the biggest customs brokers posts updates twice a day on weekdays. Last update 4 PM Friday, so they haven't caught the biggest reversal. If tariff rates change while in transit, the bond paid before the item was shipped may now be insufficient. So the container goes into storage (where?) until Customs and Border Prot…

Ryan Petersen was on the Bloomberg Odd Lots podcast a few days ago.

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

#449

Post by refurb »

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 was against the establishment.

I wouldn’t argue Trump represents the establishment.

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

#450

Post by Braxton1980 »

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?

The evidence comes in the form of continued support after each incident of hypocrisy, lying, etc

Why would someone say they blindly follow someone when that's bad?

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