601–610 of 931 posts
Earlier quoted context omitted.
Only on China, the rest were largely removed.
> Only on China, the rest were largely removed. No they weren't. They were changed to 10%. Prior to all of this the average was 2.5%. So that's not a removal at all, but a rather large average increase even if you exclude the omglol China rate.
I assume there is some kind of divide and conquer going on.
Earlier quoted context omitted.
Unlikely. The exclusions above are for reciprocal tariffs from all countries, i.e. China 0% reciprocal + 20% (fentanyl) + 2018-2024 rates non-China 0% reciprocal
Reciprocal is inaccurate, you should stop using that term - this label was chosen to obfuscate what is going on and confuse those who don't know better.
Earlier quoted context omitted.
People don't want incentivization of American domestic manufacturing. That's where the fundamental disagreement is, after all. People don't have confidence in American products built on US soil by upper middle class Americans. It's going to take long to (re?)build trust to reverse that.
That’s ridiculous, there is plenty of confidence in US manufactured goods, the problem is that US manufacturers have impossible economics for anything that isn’t boutique or super high margin. Need an impedance controlled 16 layer board for your fancy new military radar? No problem. Need a basic 2 layer PCB for mass manufacture? No one in the US will make it at the price you need to be competitive.
I suspect it would be a good idea if the US abolished the presidency and moved to a parliamentary system. Turns out that concentrating so much power in a single position is a bad idea.
You still often have one man with all the power in a parliamentary system. The Prime Minister. Take Canada as an example. JT had basically complete power over government. It's as rate for the prime minister party or coalition to go against him as it is for a president in the US to be impeached. I think the trick has to be to just get better people into those positions. Which means better people need to have some ince…
Remember Liz Truss, all 49 days of her? A PM who fucks up on a Truss/Trump scale generally finds themselves very rapidly seeking alternative employment. Truss was forced to appoint a borderline sane chancellor about two weeks after causing the bond yield to go crazy, and was gone within another couple of weeks.
Why is no one highlighting how this is repeating history 8 years ago? I don’t get it, there’s this magical reporting gap where all of this is new strategy but it’s the exact same strategy. Why don’t we acknowledge this instead of searching for some new angle? Here are a bunch of links from 2018/2019: https://www.cnbc.com/2019/12/13/apple-dodges-iphone-tariff-a... https://www.kiplinger.com/slideshow/investing/t052-s00…
The tariffs from 8 years ago were a seemingly rational policy and were largely upheld by the Biden administration. These tariffs look designed to rapidly eject the US from the global economic order and hand over the reins to China. Though saying they were "designed" at all seems extravagantly generous.
Earlier quoted context omitted.
Why did he implement the tariffs in the first place? The $500b was announced more than a month ago https://www.apple.com/newsroom/2025/02/apple-will-spend-more...
He's been talking about tariffs since before the election, so they likely were anticipating it.
I suspect it would be a good idea if the US abolished the presidency and moved to a parliamentary system. Turns out that concentrating so much power in a single position is a bad idea.
You still often have one man with all the power in a parliamentary system. The Prime Minister. Take Canada as an example. JT had basically complete power over government. It's as rate for the prime minister party or coalition to go against him as it is for a president in the US to be impeached. I think the trick has to be to just get better people into those positions. Which means better people need to have some ince…
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…
Autarky doesn't work. Juche doesn't work. Comparative advantage works, both theoretically and in practice if we study economic history.
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.