CEO's of American companies moved all their manufacturing plants to other countries. That's not the fault of American citizens. Koreans can buy a Samsung smartphone made in Korea. Seems like trump should be taxing these American companies that move their factories outside of USA. Tariffs aren't paid for by foreign countries. They are paid for by the consumer.
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Apple Stock Falls as Trump Tariffs Target Supply Chain
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Its going to be interesting to see what impact this has on Apple’s competitors.
Apple has the luxury of being able to sacrifice some margin to keep products the same price.
What will companies with much lower profit margins do?
Apple has the luxury of being able to sacrifice some margin to keep products the same price.
What will companies with much lower profit margins do?
They would have to do that for all their products because these tariffs are levied on all imports. That would mean settling up a parallel manufacturing system for US only products and other manufacturing facilities elsewhere for non-US sales. I can’t see them doing that in the short term.
Sorry I forgot about Canada. I thought that had more to do with the whole 51st state thing. I was thinking more about any possible backlash from the tariffs announced today.
I can’t read the NY Times article you quoted because it’s paywalled but to be fair boycotts in Canada and Denmark is not what I would call widespread boycotts around the world.
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No, this isn't part of a normal cycle. It's an imposition on the market by Trump's unique "thinking", and those of his enablers.
Well that’s an opinion and you’re entitled to that. But unfortunately there are other world i issues are also affecting it. So it’s a occurrence. So yes it is
For many of the rich people who largely control the US, one of their motivations for being rich is to allow them to put enough money aside for a rainy day like Trump has caused, so that they can ride out those rainy days without a lot of complaining, and many have actually arranged their investments so they can profit from them. So while some of those rich people don't like what Trump has done and will say so and do what they can to try to get him to reverse this decision, a lot (maybe more?) of them will remain silent, or even egg him on, since they have ways of profiting from Trump's tariffs. Of those rich folk who might not make money from this, and may lose some of what they have, many just want to see the US put into a weaker position for their own interests.
Stocks routinely go up and down but I don’t think you can call this a “normal cycle”. We need to know how these tariffs will affect Apple’s sales and revenue which we won’t know for quite some time.
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You call the cycle that has been happening a normal cycle, with almost 20 years artificially pumping of the stock market with artificially low interest rates by the government?
The fact, the US government has a huge deficit that needs to be fixed.
What the stock market does, is for people like Tim Cook and Bezos to worry about as their compensation is linked to the stock market, and some tech employees who make $800k/year at places such as Meta.
Apple couldn't even make two iOS, one for EU and one for USA. Not a lot of work to do that.
Oh, but it was.... (shockingly)
US labour watchdog halts Apple cases after Donald Trump picks group’s lawyer for top job
National Labor Relations Board freezes pair of disputes after Crystal Carey nominated as agency’s general counsel
No, it's not just an opinion. We're seeing a specific action taken by the US president to impose very large, sweeping, simultaneous tariffs on all goods from multiple countries in a manner that no other president has imposed before. The only comparable prior example is the Smoot-Hawley Act in 1930, but that was mainly a creation by Congress, with Herbert Hoover reluctantly signing the bill since he knew it overreached. It then deepened the Great Depression. If US presidents imposing sweeping, multi-country tariffs on all goods were part of a natural cycle, we'd be seeing Trump-level tariffs being imposed by just about every US president in the past. That hasn't happened before--at most, previous presidents have imposed targeted, singular tariffs on specific countries, and on specific products like steel, to achieve specific strategic goals. So by definition, what Trump has just done is not part of any previous natural cycle.
The other world issues you mention aren't at issue when discussing specifically whether tariffs imposed by a US president are part of a normal cycle. The fact that Trump's tariffs can be characterized as "an occurrence" doesn't make it a normal occurrence, since not everything that occurs is normal.
No other president has ever faced a debt so high either. The government spending and the deficit is out of control and this is not sustainable.
If the US government was a person, this person would have been declared bankrupt ages ago.
The fact that former presidents have ignored the huge government deficit is really bad and this should have been addressed a long time ago.
Yes, that's a major part of the plan by Trump and his enablers--to pick fights with our allies, in order to alienate them from us. It's "America First", you know.
You can’t be kidding! Sales taxes are going no where anytime soon!
Secondly diversities enough? Where in every other country that dump has added tariffs too today! 😂 please…
So you are going to tax and depress your American citizens to pay down the debt! What a great idea! Make American depressed again. Feels like 1930s all over…
Even if I'm not the only Taiwanese person here, I still have to say: Congratulations, America. America will be great again—wait, did I just say again?
Um ok….. Sorry I don’t have time to read that much garbage
You people only care about the short term. If this keeps up, nobody will have a job in the USA. Even high paying $800k/year tech jobs are being outsourced to places like South America, Portugal, Spain, Poland, India. And then the government will have to introduce a "universal income" because all the good jobs are no longer in the USA if this is not changed.
So this is worth the short term sacrifice to fix the economy and the government deficit.
And the outsourcing doesn't happen because "people in Portugal are more qualified than USA workers", it's because the CEO's want to see higher bonuses, that's all.
Honestly, if you graduate in 2025 with a $100.000+ STEM degree, you can probably find much better opportunities in Poland, as that's where most of the tech jobs are being outsourced to now.
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They won't. All the money the government will collect on tariffs will go directly to tax cuts for the megarich.