Only in USA. Trump can't force other countries to place tariffs on other countriesSamsung faces the same tariffs.
Only in USA. Trump can't force other countries to place tariffs on other countriesSamsung faces the same tariffs.
I suspect they’ll mostly all do the same thing, whatever that might be (charge American’s the full whack, or charge every globally a little).Exactly my point and why they wouldn’t raise prices worldwide to offset the costs in to America.
And with the impact of these tariffs, causing a massive hit on stock prices, those with money (Trump and friends), can buy them up, and then when Trump decides to remove the tariffs, the prices inflate, and then they get sold.
It's effectively insider trading.
And apple is an american company. It's up to the rest of the world how to set tariffs.Yes, the rest of the world will put tariffs on US products.
But iPhones are made in China.
So the rest of the word will keep all their prices the same, only US import and export will be affected.
Huge win for the USA. Or not.
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.
Why is okay for all those countries to have tariffs but when our beloved president does a reciprocal, is the end of the world?
Elon Musk is showing the amount of fraud in government spending, so any type of tax I despise since I know some politician will waste it somehow.
So I hate tariffs but I understand why having them; to force businesses to build and hire local to avoid them.
It’s worse than that!And with the impact of these tariffs, causing a massive hit on stock prices, those with money (Trump and friends), can buy them up, and then when Trump decides to remove the tariffs, the prices inflate, and then they get sold.
It's effectively insider trading.
Because they DON’T have the tariffs that your beloved president just presented as facts. They were made up numbers, and people are still scrambling to figure out exactly which arse they were pulled from.Why is okay for all those countries to have tariffs but when our beloved president does a reciprocal, is the end of the world?
Why is okay for all those countries to have tariffs but when our beloved president does a reciprocal, is the end of the world?
Elon Musk is showing the amount of fraud in government spending, so any type of tax I despise since I know some politician will waste it somehow.
So I hate tariffs but I understand why having them; to force businesses to build and hire local to avoid them.
OTOH, this is what America's voters wanted.The Republican controlled Congress hasn't had a spine to prevent Trump from performing a laundry list of illegal acts that have already taken place. Democracy has failed in America.
OTOH, this is what America's voters wanted.
To me it looks like Trump is trying to stop Americans from buying products from other countries by making them more expensive.My friend, you've badly misunderstood what's happening - probably because whatever news sources you follow have mislead you intentionally.
If I tried to simplify it to my kids, I'd explain it like this:
you buy something at the store for $50. Then Trump says that store stole $50 from you so he's going to tax the store $25. Store now charges $75.
Trump believes that you buying something from someone and they not buying something from you (e.g. the "trade deficit") means that the others guy screwed you.
But what actually happened all along is that you exchanged money for products and/or services.
No one screwed anyone.
But now Trump is screwing everyone and everyone is screwing him in return and we all suffer.
Maybe for decades.
To me it looks like Trump is trying to stop Americans from buying products from other countries by making them more expensive.
He wants Americans to buy American products. If a product isn’t made in American, he wants the manufacturer to start making it in America so that Americans can buy it.
It’s not 6-12 months, it’s decades.Sure, but there's a sensible way to do this like giving companies a 6 or 12 month (or longer) time frame to move their production to the US.
Done on a whim like this only causes a tremendous amount of unnecessary chaos, inefficiency, and suffering.
I suppose it's fitting, as it seems like casual cruelty is America's main export now.
51% of voters voted for a guy who spoke using as few and simple words as possible so his message would reach the less brilliant individuals. Nobody explained them what the consequences would be.51% of voters - of which the vast majority were purposefully mislead and manipulated by their "news sources"
You got to be kidding where do you think Apple sources their aluminum I’ll give you one huge hint it ain’t USA! 😂The largest trading partner of Germany is the USA. So you can see why they have a massive trade surplus. And that is good for Germany, but not for the USA.
In the long term, this is what is best for the country, because with advances in AI and outsourcing jobs to cheap countries (this isn't just manufacturing, it's also office jobs), people are going to struggle to find good jobs in the USA if this keeps up. People just have to accept some short term pain for some long term gain.
And didn't Trump made an exception for semi-conductors? So those manufacturing jobs that MacRumors are so worried about doesn't even get affected that much.
I don't think that's quite how Trump is defining it. I believe it is more to do with trade deficits. So if country A sells more stuff to the US than it buys from the US, Trump is putting a tariff on country A.Why is it so hard for people to understand that the whole point of enforcing reciprocal tariffs is so that EVERY COUNTRY WILL DROP TARIFFS TO THE USA.
If everyone stops tariffs then we all win.