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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

#681

Post by amelius »

freeone3000 wrote: post #414
amelius wrote: post #410

Earlier quoted context omitted.

Yeah, I'm not on that social media, nor do I read NYT. The same holds for millions of others.

Too bad! Insider trading, as a crime, requires that the information be nonpublic material information. You can join Truth Social and follow Donald Trump, so that makes the information public. It actually is that broad. Futures traders often rely on industry-specific periodicals, which are “public”. Same for anything in the (high monthly cost!) Bloomberg terminal. So posting on a specific social media platform, where…

Except he didn't announce anything. He said "a good time to buy" which may be code language that his friends understand.

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

#682

Post by busyant »

jonplackett wrote: post #75
zzzeek wrote: post #62

Earlier quoted context omitted.

co-sign, it's the King's Tax (as Murphy had explained in a different video I watched of his). it's that simple. also it was a giant elephant to make everyone forget that they just exposed an entire military action over Signal in a completely illegal and extremely incompetent way.

I’m British so not that knowledgeable about us politics beyond the big players. How well known is Murphy? I’d never heard of him until I saw this video but he seems very impressive and much more electable than Biden or harris.

> How well known is Murphy?

He's the senator from the state I live in, so I know him and think he's excellent.

> much more electable than Biden or harris.

He represents a northeast blue state. It's difficult for those types of Democrats to carry non-coastal states in a presidential election, no matter how good they may be.

I suspect Bill Clinton tacked rightward to carry some southern states in 1992 and 1996, which led to his election.

Christ, Al Gore (2000 election) couldn't even carry his home state of Tennessee, so you can see how difficult it is to elect a Democrat to the presidency.

John Kerry (Dem from a northeast blue state) got smoked by George Bush in 2004.

I'm still trying to understand how Obama won twice, but I think it boils down to the fact that he invigorated the African-American vote in some key southern states.

tldr: Chris Murphy is great--unfortunately, he's the kind of Democratic presidential candidate who'd probably lose outside of the coastal states.

* edit: I would have been 'happy' with either outcome in the 2008 and 2012 presidential elections. McCain and Romney are/were decent and serious people. In fact, Romney was roundly mocked by the Dems in 2012 for saying that Russia was the US's greatest external threat. In retrospect ...

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

#683

Post by steveBK123 »

polski-g wrote: post #639
steveBK123 wrote: post #99

So we are exempting all the tech transfer & natsec risk items but maintaining new embargo-level tariffs on cameras, children's toys, and t-shirts. Makes a lot of sense if you don't think about it.

American children yearn to work in a sock factory.

Florida is passing laws to make that easier, yes

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

#684

Post by alistairSH »

cranium wrote: post #580

The 145% tariff is so absurd I wouldn't be surprised to see cheap chips glued to the item to exploit the exceptions. "Oh yeah, that's not a shoe: it's the protective case for an ESP32 WiFi router".

Sort of the inverse, but didn’t Ford import Turkish-built Transit Connect vans with full interiors, only to strip those out upon arrival in Baltimore, as a means of skirting the Chicken Tax?

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

#685

Post by righthand »

SpicyLemonZest wrote: post #307
righthand wrote: post #95

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 articles you've linked are about threats of 10% to 25% tariffs in the context of active trade negotiations between the US and China. Here, there's an actually imposed tariff of 145% and no talks at all as far as has been reported. It's not the same situation.

It’s a different situation because the numbers are different even though so far the outcomes are the same. Am I reading that right?

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

#686

Post by atomicbeanie »

Time to just call these tariffs: sales tax. Extra money for the government on all goods imported are taxes. The rest of the complexity distracts from the basic cash flow and the inevitable results. More money spent and consumed by the government.

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

#687

Post by AngryData »

bloopernova wrote: post #664
_heimdall wrote: post #651

Earlier quoted context omitted.

We don't need to abolish the presidency or entirely change our system for a parliamentary model. We do need to drastically shrink the executive branch and its powers though. I've found it interesting that so many are seriously concerned with what Trump is doing but not why the executive branch has the authority to do it in the first place.

I was thinking that the US marshals need to be the enforcement arm of the courts. But I am not sure if that would help much in the current situation. Maybe police and federal enforcement agencies should be solely under Congress? At least then senior people can actually get fired for obeying unlawful orders from the executive.

Congress already have the Capitol police which they could have arrest anyone they think committed a felony in any jurisdiction and have top jurisdiction in DC and any government building within it.

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

#689

Post by Eavolution »

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…

Hang on are tarriffs not effective on date of purchase? I'm not American but it seems madness to apply them at any other time as then no one knows what will actually need paid if you've someone like Trump changing them frequently.

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

#690

Post by Eddy_Viscosity2 »

Eavolution wrote: post #689
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…

Hang on are tarriffs not effective on date of purchase? I'm not American but it seems madness to apply them at any other time as then no one knows what will actually need paid if you've someone like Trump changing them frequently.

The infrastructure for handling all the tarrif payments and rebates etc simply can't change as fast as these announcements and as a result there will be a whole mass of incorrect charges being applied or not applied that could takes years to sort through. The chaos is the point, or so it would seem.
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