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

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

#571
post #294

Earlier quoted context omitted.

I think the most probable outcome is that Trump causes enough trouble to incite the whole country against him. I don't see him completing his term. He's going to be impeached.

The rich have always blamed others for the growing wealth gap. Americans often point to outside forces instead of holding the government accountable. Years of messaging have trained people to support tariffs, spending cuts, and even anti-immigrant policies—despite the need for labor. The real issue isn't spending, it's taxation. And we've let China ignore WTO rules for too long. Trump should've targeted tariffs at Ch…

Targeted tariffs don’t have an effect because products are reimported from china via other countries like Mexico.

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

#572

Can the other countries implement “export tariffs” on said goods? Would be a nice move to mess with Trump.

It would be karmically appropriate, but I'd guess nobody has an actual interest in doing so. Export restrictions are also easier to circumvent than import restrictions by routing through third countries. Unless, of course, you apply the export tariff to everyone, which again nobody has an interest in doing.

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

#573

Earlier quoted context omitted.

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.

If we translate this into negotiating at a used car dealership, I don’t think it would look that different. Of course everyone is going to project strength in public communications. Doing otherwise would put them in a worse negotiating position. You have to make your opponent think you’ll do something drastic, or else they won’t budge. So you have everyone yelling about how they’re doing something drastic. Just like…

> more like the 1800s than the 2020s

No need to go that far. 1970s would suffice.

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

#574

Earlier quoted context omitted.

The term for this is extortion. The last time tariffs were this high, it led to rampant corruption as companies would pay off customs officers. This was one of the reasons for switching to an income tax. For the current administration this possibility counts as a major opportunity to generate personal wealth. But this isn't the only reason for the policy. For someone who is at heart a coward, bullying and brandishing…

I guess for a change Americans will experience what Indians have been subjected to since forever. Just about anything useful and high quality has been tariffed out of existence in India. It is done in the name of protecting our industry while they catch up with rest of the world. Exactly backwards has happened. The cars we get here are so bad they are sometimes called tin cans on wheels. Without competitors from acro…

Heck yea.

I expect lower tariffs in India to cause harm while also forcing economic activity.

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

#575
post #562

Earlier quoted context omitted.

A free market requires regulations in order to operate. Regulations require a bureaucracy in order to be effective.

> Regulations require a bureaucracy in order to be effective. That's a very European point of view (though not uniquely European, it's also shared across many other cultures, e.g. in East Asia). The US has done pretty well with private rights of action. In fact, because our culture is so conservative and anti-authoritarian, centralized bureaucracies are rather quickly defanged or grossly underfunded. The most recent…

USA is not anti authoritarian. It is pro-authoritarian and consistently so.

Conservatives are dismantling environmental protection, but it has nothing tondo with freedom or being anto authoritarian. They just dont care about consequences as long as their donors can earn more money in the short term.

Yet also, US seems to be crumbling and rhe source of instability. They may succeed in exporting their dysfunction to Europe, but it did not happened yet.

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

#576

Earlier quoted context omitted.

The term for this is extortion. The last time tariffs were this high, it led to rampant corruption as companies would pay off customs officers. This was one of the reasons for switching to an income tax. For the current administration this possibility counts as a major opportunity to generate personal wealth. But this isn't the only reason for the policy. For someone who is at heart a coward, bullying and brandishing…

I guess for a change Americans will experience what Indians have been subjected to since forever. Just about anything useful and high quality has been tariffed out of existence in India. It is done in the name of protecting our industry while they catch up with rest of the world. Exactly backwards has happened. The cars we get here are so bad they are sometimes called tin cans on wheels. Without competitors from acro…

What about Tata Motors? They own jaguar & Range Rover as well? They have zero good cars? Perhaps Chinese EV will enter into India.

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

#577
post #322

Earlier quoted context omitted.

What about believing that he's a particularly-easily-manipulated patse (esp. when it comes to things he doesn't care about), and so this is someone else playing 4D chess through him? For all the accusations of fascism, nobody seems to remember that a key feature of fascism is a corporate-cabal shadow government that legitimizes its activities/policies by puppeteering the "real" government to both execute and justify…

That's what German industrialists were hoping to achieve through Hitler, but they didn't end up with anything like it.

Apart from what happened after war, some of them did as they got lot of slave labor during holocaust.

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

#578
post #288

Earlier quoted context omitted.

Yeah he’s obviously in no state to decide on policy. We don’t know who is running things but it’s not him, a number of factions moving the direction a little bit in their favor whenever they get the opportunity. And of course there is massive insider trading going on too.

Genuinely curious what your take is on Biden's competency during his presidency.

Waay better.

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

#579

Earlier quoted context omitted.

> 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. Weirdly the same explanation works if you're being less uncharitable, i.e. Apple agreed to invest $500B in the US but everybody knows new factories aren't going to be built overnight, so they get a reprieve from the tariffs for now prov…

Apple can agree to invest 500B to build a factory, but they don't have to actually do it. Building a factory takes years, and a big chunk of that happens long before you actually start work on site. You gotta find a site, work with local govt to negotiate servicing, environmental report (there's a couple years, and potentially a couple go-arounds right there.) So there can be lots of activity, lots of progress report…

More likely they bought Trump’s crypto coin to increase Trump’s wealth.
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