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Apple Stock Falls as Trump Tariffs Target Supply Chain
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Are the higher prices in the room with us now?
1: US is about a third of all sold iPhones, so the actual numbers would be 30-60, not 20-25, vs 100-200.
2: My guess is you are wrong.
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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
Oh, so people won't be affected? Just reading the comments in this thread tells me that's not the case, and this is a vanishingly small sample size.
Trump won how much of the vote? I am a stockholder. Getting good returns doesn't change. assumption on your part.
This is a massive incentive to produce all kinds of stuff domestically, which will lead to more jobs which will lead to more income. Apple is just one of many. This also could break the world trade system but it is probably easier for other countries.
Half did not vote for Trump. 63% of eligible voters voted and 46.9% of them voted for Trump. That works out that ~31% of eligible voters voted for Trump.
Wife and I, despite being high income, are planning to make nearly zero big purchases during this administration that we don't have to have. No car replacements, computer or phone upgrades, appliance replacements, etc. Not going to support this nonsense any more than we have to.
Many issues with that, but here are two quick ones. We don't have a shortage of jobs, we have a shortage of manpower...and now we are running off/kicking workers out. Second, we don't physically have many of the natural resources we need to domestically produce a lot of things we consume, nor do we have the climate. You can't grow coffee in the US, for example.
Blanket tariffs are a simpletons 'fix'. They don't work.
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Tariffs just hit and companies still have some stock left somewhere to disperse. Those will eventually hit, because if you believe that a company would just stomach the surplus I have a bridge to sell to you
.And how are you going to do that when the US even does not have all the resources. Also you would need to have factory and trained people and that takes time.
Apple products may be manufactured in China but they are made using components from several different countries. How are they going to workout what tariff is applied to an iPhone sold in the US?
Are they going to apply a flat 34% tariff because the end product is manufactured in China or break it down into individual components and tariff them individually?
This is going to be a nightmare for Apple in the short term given that these tariffs come into force immediately.
Are they going to apply a flat 34% tariff because the end product is manufactured in China or break it down into individual components and tariff them individually?
This is going to be a nightmare for Apple in the short term given that these tariffs come into force immediately.
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That's up to Apple. What is does mean is that Apple will have to pay a tariff of 34% on products manufactured there and imported to the US. Whether they will pass the full amount of that on to consumers is TBD. But a company with a gross margin of 46% (in its last quarterly earnings statement) probably has some leeway to pick a number it thinks consumers can accept. It might mean a shift on consumers' part toward lower-priced models (iPhone NN vs. NN Pro, for example).
They aren't going to add tariffs of products between countries, but these tarriffs are added on top of ones that were already there. For China, existing 20% + 34% (added plus reciprocal) = 54%.
This is going to be real fun for silicon valley when other countries put tariffs US software and services. 20% on the App Store, iCloud/AppleTV/One/etc., 20%, on Play store and Google services. 30% on AWS and Azure , etc.
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This isn’t Sim City. You can’t just right click an and a new factory pops up. Some of you are so naive and just believe his ********
Tariffs just hit and companies still have some stock left somewhere to disperse. Those will eventually hit, because if you believe that a company would just stomach the surplus I have a bridge to sell to you
And how are you going to do that when the US even does not have all the resources. Also you would need to have factory and trained people and that takes time.
Forgive me but I’ve been listening to “you just wait” FUD for the past nearly 100 days and I’m tired of it.
What does that mean?
So you’re saying the tariff will apply based on where the final product is manufactured not where the individual components were manufactured?
Kind of sad that 37% of those eligible to vote in such an important election chose not to vote. If any of those lazy, stupid or misguided folks utter one word of complaint in the next four years, something harsh should be done with them. Time to make voting mandatory perhaps?
We've reached full insanity
People are defending Trump willfully crashing a great economy
Folks -- he's not a god -- it's ok to admit when he's doing something really really bad
People are defending Trump willfully crashing a great economy
Folks -- he's not a god -- it's ok to admit when he's doing something really really bad
You don't understand tariffs or the global market?
America could only get away with putting up a wall of tariffs around its shorelines if it had all the resources necessary to produce all of the things it's currently importing or has to import if it wants to move all production of everything to the U.S.
And it doesn't just need to have the recourses, they also have to be as abundant and cheap to acquire as elsewhere.
Then there's the cost of labor: Sure, the administration can (also) nuke any semblance of minimum wage and get Americans on those sweatshop salaries. Sounds very in line with what they're already doing.
But if one corporation converts their employees to sweatshop workers then all the others do to. And with a double digit percentile of the U.S. population on less than minimum wage, who's going to buy things like iPhones, TVs, cars, etc.?
And why, for what, when places like India, China, and Taiwan (plus others) are already set up to make all of these things at a price that is low and reliable, here and today, not in a hypothetical tomorrow, years down the line, when everyone has settled into their new factories in America?
Overall, what would any country stand to gain from shutting itself completely or even partially off from world trade, from globalization, a system that mainly serves to make America and the West prosperous and safe?
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I've long told people I know that are so "political" (social media political but do not read anything) they really should find a new hobby. Most politicians DO NOT CARE about you, you're family or anything you are worried about. They care about their donors and how they can line their pockets! They also care about POWER to ummm pardon people for quid pro quo.
When people have stickers on their vehicle or in their lawn which read "so and so is MY PRESIDENT" I laugh. They are sucked into the whirlwind. Sure said campaign wants you to go out and rally for them.... we are seeing this now... but do they really care? Are they really checking their campaign lists and saying.. I want to do xyzzy because I promised it lol.
Remember when prices were going to go down on day 1? Then in office the response is... hey its harder than it seems to lower prices.. if you believe ANY POLITICIAN you should re-evaluate your life lol.
Its funny when one side says boycott such and such product (Nike, Anaheiser-Busch, Yeti, etc.) but when people decide to vote with their money and say stop buying Teslas.... that is so un-American. There are AMERICAN PEOPLE who work at said company. Did anyone care about that when Anaheiser-Busch lost BILLIONS? Did anyone care about the delivery guy that works for Anaheiser-Busch 20+ years who was getting harassed for doing his job of delivering beer to a gas station? lol
When you start realizing that money makes the world go round and stop cheering for ANY politician(s).. you may finally find joy in your life... with your new iPhone.. that may cost more but hey.. its worth it. Who doesn't get joy from 10-15 hours of screens time per day scrolling away watching the world go around.
This is America.. were 1 person gets what he wants... no matter what experts say.. he's the smartest guy in the world with the best memory.. well until in a deposition where it was "I don't recall saying that."
When people have stickers on their vehicle or in their lawn which read "so and so is MY PRESIDENT" I laugh. They are sucked into the whirlwind. Sure said campaign wants you to go out and rally for them.... we are seeing this now... but do they really care? Are they really checking their campaign lists and saying.. I want to do xyzzy because I promised it lol.
Remember when prices were going to go down on day 1? Then in office the response is... hey its harder than it seems to lower prices.. if you believe ANY POLITICIAN you should re-evaluate your life lol.
Its funny when one side says boycott such and such product (Nike, Anaheiser-Busch, Yeti, etc.) but when people decide to vote with their money and say stop buying Teslas.... that is so un-American. There are AMERICAN PEOPLE who work at said company. Did anyone care about that when Anaheiser-Busch lost BILLIONS? Did anyone care about the delivery guy that works for Anaheiser-Busch 20+ years who was getting harassed for doing his job of delivering beer to a gas station? lol
When you start realizing that money makes the world go round and stop cheering for ANY politician(s).. you may finally find joy in your life... with your new iPhone.. that may cost more but hey.. its worth it. Who doesn't get joy from 10-15 hours of screens time per day scrolling away watching the world go around.
This is America.. were 1 person gets what he wants... no matter what experts say.. he's the smartest guy in the world with the best memory.. well until in a deposition where it was "I don't recall saying that."