Because other countries can add tariffs for imports on American Owned companies... they dont have to care if they are made elsewhere. The tariff is about retaliation at the source issue...
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Apple Stock Falls as Trump Tariffs Target Supply Chain
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Sorry, got banned before for my views. But my views turned out 100% correct. America elected a wannabe king and gets what it deserves.
and this whole article and discussion are political bye nature.
and this whole article and discussion are political bye nature.
The senate said no last night. But it will die in the House where the real choir is.
say goodbye to your economy.
Seems the US is now turned into BitCoin...
Up and down on whims and rumours and gambling when it bottoms and tops.
So far the market seems desperate not to react too much.
But it's going to be difficult when the ticket prices go up and people see the reality hitting their wallet buying power.
And countries with small tariffs choosing not to do the same back can easily have consumers do a big FU and buy products from other countries or home grown. Canada consumers already doing awesome work clearing shelves of US liquor...
Up and down on whims and rumours and gambling when it bottoms and tops.
So far the market seems desperate not to react too much.
But it's going to be difficult when the ticket prices go up and people see the reality hitting their wallet buying power.
And countries with small tariffs choosing not to do the same back can easily have consumers do a big FU and buy products from other countries or home grown. Canada consumers already doing awesome work clearing shelves of US liquor...
I purchases a 16 due to the fact that tariffs were coming. In fact, I refreshed most of my Apple products.
97% is when imports hit some magically high number that it hasnt hit before.
So it's all bluff and bluster designed to confuse mostly and "justify"
Tesla's, made in the USA, are one of the most expensive cars available. You're forgetting that "Made in America" equals more expensive for consumers. Now, people that buy Tesla's probably aren't too concerned about rising prices, but the vast majority of Americans who can't afford a Tesla are impacted by the higher cost of making things in America with the higher labor costs associated with that.
Well, they haven't yet, but they will. Up to now, it's all talk. When the price hikes start hitting the Walmarts and Targets in the Red States and the cost of literally everything goes up, it'll be pretty hard to blame it on Biden (but they surely will try).
I'm not sure what it will take for registered Republicans to realize they've been duped. #1 campaign promise in 2024 has been broken. But hey, we'll have less workers in the fields and factories as they're moved out of the country, that should make them happy.
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States
WASHINGTON—Putting the nation on alert against what it has described as a “highly credible terrorist threat,” the FBI announced today that it has uncovered a plot by members of al-Qaeda to sit back and enjoy themselves while the United States collapses of its own accord.
theonion.com
up there with "Russia captures 25% of US in three months when it couldnt take Ukraine in three years"FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States
WASHINGTON—Putting the nation on alert against what it has described as a “highly credible terrorist threat,” the FBI announced today that it has uncovered a plot by members of al-Qaeda to sit back and enjoy themselves while the United States collapses of its own accord.
The BOM (including tariffs) affects profit, but not price. The consumer decides price, along the supply/demand curve.
Sure would have been nice if Trump had consulted an actual economist before drafting up his tariff plans
Instead they used an LLM to do their "thinking" for them.
How do we know this?
Because the tariffs are not broken down by country, they're broken down by top level internet domain.
It's why islands that are populated entirely by penguins (the .hm domain) and why the Diego Garcia military base on BIOT (.io) are listed, also why Reunion (.re) and Gibraltar (•gi) are listed separately from France & the UK.
It's practically a 100% certainty they used an LLM to generate this list and didn't catch the mistake because they're all dumb as rocks.
But here you are, dumping on people for actually being able to critically think about the topic unlike the geniuses in the US administration.
You do realize the prices of EVERYTHING IN YOUR LIFE will increase, not just electronics, right?
I know people love to reduce everything down to convenient quotable snippets, but if your claim were actually true in the real world, we'd still be in a world of $600 flagship phones.
Not sure what you mean.
I agree to some extent that price is more about the consumers willingness and ability to pay. Especially when it comes to luxury goods (Veblen effect) where the higher the prices the greater the demand.
The irony is many of the things tariffed from Europe like cars will be luxury goods that customers are willing to pay the extra for. German cars etc.
This brings into focus how much debt US customers will be willing to take on to pay for these increased prices? rather than reduce a trade defecit the whole exercise could just increase us consumer debt which is held by foreign countries. Added into that a dollar decrease and low interest rates needed to offset this .. well it’s very very messy for US citizens.
As for the iPhone price.. apple like everyone else will want to maintain margin. So they are not going to eat that 25% tariff, ever.
What I think will be interesting is how many US firms instead of being 25% cheaper than imported goods work out that they would make more money raising their prices instead!
I don’t think the Trump org has worked out the long term ramifications of any this really.
If he is stubborn it’s very possible he destroys the American economy and makes its resuscitation almost impossible.
I hope that my M1 Max MacBook Pro (first gen, in short) will hold up until the orange baboon is gone; because not going to replace when everything, and not just apple gear is getting much more expensive.
Tesla generally announces price increases 1-2 weeks in advance to cause a little spur in demand (buy now before the price increases next week).
If they really needed an immediate price increase, they'd simply do it - they wouldn't plan but not announce it (what value would there be in doing that?)
This is some of the advantage of the fact that Tesla has insisted on selling directly instead of using Dealerships - they don't need to negotiate with Dealerships and get them to agree to new pricing - they can change it instantly for everyone.
Yes, but if you consider the factual situation rather than set phrases, the result is billionaires getting richer at the expense of the workers. Removing income tax and replacing with tax on spendings results in moving money from workers to billionaires. This is a fact.
It has been proven time and time again that trickle-down economics doesn’t work. Billionaires in the US could eradicate domestic poverty RIGHT NOW, without losing a cent. All they need to do is accept a slower growth in their already immense wealth. But they will not do that, they will increase their wealth as much as the government will allow them.
Of course. But the conversation was about Apple products specifically. I'm not that simpleminded. 🤣
At the end of the day a trade war hurts everyone, so the answer is eventually yes. Not immediately, because there will not be increased tariffs on goods coming from Asia to Europe, but long term yes inflation pushes up the price of everything.
No, I do not think that is true. Most MAGA believed the spin that came from the Trump camp. They are finally starting to realize they were lied to on many subjects.
I'd be richer if I had a dollar for every time I hear a MAGA Republican in our government defend Trump by claiming "America voted for his mandates." Actually, HALF of America voted for Trump and pretty sure no one voted for higher prices when Trump promised to lower prices on Day 1. But his voters seem unable to discern lies from the truth as they voted for him anyways.