Trump Tariffs: See Which Countries Have the Highest Rates (Gift Article)
President Trump unveiled sweeping tariffs that included actions on dozens of countries at very high levels.
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Apple Stock Falls as Trump Tariffs Target Supply Chain
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This is going to be a big change for US consumers who love their cheap Chinese made products.
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This is a lose lose for American companies. If they keep manufacturing in China they face huge tariffs. If they move it back to the US they face higher wage costs. No easy answer to this one.
As someone who owns 2 Tesla’s in their household, trust me, you don’t want Elon’s people building your computers and phones 😂
I'm retired now. I saw this coming so I at least withdrew what I needed for this year in January. I decided not to move my money out of the market. I just know if I did I'd be later putting it back in after some rebound and I really am counting on those rich influencers. I figure worst case scenario I'm at least a lot better off than 95% of the country that may lose jobs, etc. Hope your health holds out
Yes but that says nothing about what percent those countries tariff our products.Trump Tariffs: See Which Countries Have the Highest Rates (Gift Article)
President Trump unveiled sweeping tariffs that included actions on dozens of countries at very high levels.www.nytimes.com
If a retiree has all that diversification then they also are smart enough to have liquidity in cash which would ride out whatever potential storm the tariffs will cause. Cash is always king in rougher situations.
Hey, the only ones that stand to lose from this are companies, investors, consumers and those wanting a job. The rest should be fine
I looked up Trump's chart and the 97% tariff is from Cambodia, so what products can Americans make that people from Cambodia want to buy?
So...how much more are apple products going to cost and how soon...cause im saving up for a new computer....apple stuff is allready too expensive...how much more am i looking at here across the board cause unlike trump, i am not a wealthy man! If i want a decent apple product, i got to save for months! At this rate i may have to save for years!
It’s fine. People buying Apple products are already paying sales tax in the US. And Apple’s supply chain is diversified enough to absorb some of this. I think it won’t affect sales overall
The only people that are remotely threatened by this are boomers….and quite frankly everyone hates them because they made massive amounts of money over the years in a system they rigged for themselves. Anyone older than boomers will be just fine with diversification as will anyone younger because…..time.
Stuff made 100% in the US will also jump in price because American businesses will be able to get away with it (blaming it on the tariffs all the way to the bank).
President Trump Julie. Your far left bias is showing.
Neither. Both are oversimplifications. Even by country, tariffs are almost never blanket. But for the general public it's far too complicated so they just use sweeping inaccurate generalizations.
Take milk for example. There is a certain quantity of dairy product that can flow to Canada from the US without the application of tariffs. Milk can form a portion of that, so there's a certain volume of milk that could make up that dairy quote and is tariff free. For milk in excess of this amount, the tariff can be as high as 241%.
So is it 0% or 241%?
In actuality that US has not imported enough milk to Canada to hit that threshold, so in practice it's been 0%, but you'll still see that 241% mentioned, and it's possible, but you need to consider the agenda of whoever is publishing the piece too.
They're complicated. But the media just has to dumb it down for clicks, and politicians like to dumb it down for agenda.
I really hope everyone panics as bad as you so I can scoop it all up for next to nothing. Get a grip….or a therapist. It’ll be fine.
But the media can’t fear monger that way
Yeah, depending where you live it might be worth buying sooner rather than later. Or not at all.
The tariffs are insanity IMO - but I will say this...
Right now is one of the best times to buy Apple products. Why? Because they have cut some prices, and Apple's hardware innovation pace is pretty slow right now, plus products are supported for several years. M4 MacBook Air at $999? Apple watch at $399? iPhone 16 Pro Max basically for free on a carrier deal? iPhones in 2025 and 2026 will be much more expensive (especially if they do this "fold" stuff). All of these products will work great for the next few years, and are frankly a bit less expensive than you would expect them to be given where inflation has gone. Not much in the rumor mill for the next few years interests me, especially at 15-25% more expensive.
Right now is one of the best times to buy Apple products. Why? Because they have cut some prices, and Apple's hardware innovation pace is pretty slow right now, plus products are supported for several years. M4 MacBook Air at $999? Apple watch at $399? iPhone 16 Pro Max basically for free on a carrier deal? iPhones in 2025 and 2026 will be much more expensive (especially if they do this "fold" stuff). All of these products will work great for the next few years, and are frankly a bit less expensive than you would expect them to be given where inflation has gone. Not much in the rumor mill for the next few years interests me, especially at 15-25% more expensive.
Exactly. First off, few products are 100% made here, but regardless, the market sets the price and if the overall market for product X goes up then ANYONE selling X matches that price.
Glad you have lots of spare money. When you need money for medical procedures or family issues it's a lot harder to deal with drastic changes in your monthly withdrawals. But for young people this is a great time to invest. Old people... Not good.
I read that dairy specifically with Canada is interesting because in the US we subsidize it heavily. So if there weren’t tariffs, we would destroy their entire dairy industry with our cheap milk, but at the same time, our taxes would go to paying dairy farmers to ship it to Canada for free.
Yes, we are very fortunate! Being smart with money alleviates 90 percent of the panic everyone else is having.
No idea. If they aren’t buying anything from us, why “retaliate” with tariffs on them? Thats what I don’t get. How does this benefit us?