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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

#541

Post by scarface_74 »

emsign wrote: post #460
jonplackett wrote: post #60

Earlier 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.

Instead of coming to Trump for pledges of political loyalty those companies should instead come to Europe to be able to make business again freely.

If you don’t want to deal with a capricious regulatory environment, Europe is not the place you want to go.

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

#543

Post by InitialLastName »

pbhjpbhj wrote: post #514
scarface_74 wrote: post #306

Earlier quoted context omitted.

About 30-40% of the country will stand behind the cult of Trump no matter what he does. With that power, almost every single Republican politician is afraid of getting primaried. Trump has already been impeached twice and it went nowhere.

It's crazy that the election hinged on such small proportions of the population, that the result for Trump was prison or wealth (through further lawlessness) and the result for USA was a chance for middle-of-the-road socialism vs a rapid descent into being a fascist regime. Crazy knife edge.

You're kidding yourself (or you've been misled) if you think there was a chance of anything approaching socialism from a Harris administration. Even granting the benefit of the doubt that "middle-of-the-road socialism" was what she meant by "opportunity economy", there still stands the fact that construction is complex, and takes coordination between interests at scale where destruction is simple and can be done (apparently) unilaterally.

Per Churchill, “To build may have to be the slow and laborious task of years. To destroy can be the thoughtless act of a single day.” .

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

#544

Post by tdb7893 »

ineedaj0b wrote: post #403
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…

they thought it up and published a report back on it in nov 2024. here's the plan, you can use it to advise your investments: https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese... the media is garbage and they can't cover anything well enough to inform. but i bet clicks are up!

So firstly if this is the theoretical underpinning the White House should be messaging that instead of what they've been saying. Also I've read that report before (this and some other reports have been referenced in media I have listened to) and I wouldn't say they are following it closely, if this was their plan it's already gone well off the rails laid out here.

Edit: to be more specific it literally talks about the potential pitfalls of unilateral tariffs, suggests imposing them over time, etc. There's a lot of stuff in there the US did so but also a lot that they did not follow (and also there's just stuff that is outside the scope of this fairly short document). I think part of the reason the tariffs caught people so flat footed is even well informed people assumed this would be how they were implemented and got the rug pulled out from under them on "Liberation Day"

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

#545

Post by scarface_74 »

proggy wrote: post #313
jonplackett wrote: post #60

Earlier 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.

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 th…

Most of small businesses supported Trump.

https://www.barrons.com/articles/small-business-owners-voted...

They are getting exactly what they voted for. I have a hard time feeling any sympathy for anyone who is being hurt by Trump who voted for him.

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

#546

Post by jonplackett »

kQq9oHeAz6wLLS wrote: post #532
freejazz wrote: post #529

Earlier quoted context omitted.

Well if Trump wants it to not seem back-handed to create a scheme to force companies to come to him to negotiate, he should be open about it then

I wasn't talking about Trump specifically, or even conservatives. Everyone on both sides automatically thinks the worst about everyone on the other side these days, usually just to score some internet points. It's a terrible way to go through life. We should show a little grace sometimes.

Just a good time to remember that the same guy who thinks tariffs are a good idea is the guy who stood at a podium during Covid next to the world’s leading expert and suggested injecting bleach into Covid patients was a good idea.

And was caught on mic saying he likes to grope women.

I would not say anyone is ‘automatically’ questioning Trump’s character or intelligence.

There is plenty of evidence he has neither.

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

#547

Post by jpster »

prng2021 wrote: post #90
jonplackett wrote: post #60

Earlier 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 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.

What I don’t understand is why Scott Bessent is going along with these harebrained schemes. He supposedly was the big brain genius who devised the trading scheme that George Soros used to break the pound. Surely he anticipated the outcome of Trump’s plan.

https://en.m.wikipedia.org/wiki/Black_Wednesday

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

#548

Post by scarface_74 »

pbhjpbhj wrote: post #514
scarface_74 wrote: post #306

Earlier quoted context omitted.

About 30-40% of the country will stand behind the cult of Trump no matter what he does. With that power, almost every single Republican politician is afraid of getting primaried. Trump has already been impeached twice and it went nowhere.

It's crazy that the election hinged on such small proportions of the population, that the result for Trump was prison or wealth (through further lawlessness) and the result for USA was a chance for middle-of-the-road socialism vs a rapid descent into being a fascist regime. Crazy knife edge.

So exactly what “socialist” policies would you have gotten under Kamala?

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

#549

Post by jayd16 »

rchaud wrote: post #401
jayd16 wrote: post #298

Earlier quoted context omitted.

I think its crystal clear there is no actual plan.

Much like Russia's overnight transition to a market economy in 1991, which opened the door to oligarch pillaging of national resources, 2 successive economic crises and a bond default, and 2 brutal wars in Chechnya. Something tells me Trump's top economic advisers aren't based in the US, just as Yeltsin's strings weren't being pulled from Moscow.

Many people in trump's circle might have one or more plans but that is not the same thing as trump having or there being "a plan."

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

#550

Post by Animats »

TeaBrain wrote: post #448
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.

Nice.

Not much optimism for domestic manufacturing or US exports.

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