You got what you ordered. You can thank all those who voted for him. Just wait and see how quick they change their tune when it affects them personally.
Taiwan for the most part delivers the wafers, which then get shipped to China, Thailand, Malaysia etc etc to be assembled into chips, some are also assembled in Taiwan, some.The U.S. tech industry relies on Taiwan mainly for semiconductors. Taiwan's 32% tariffs don't apply to semiconductors.
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Trump Confirms Worst Tariff Fears; Futures Plunge
President Trump announced massive tariffs on major trading partners. Futures are tumbling.www.investors.com
Fine Print Provides Some Relief
The fine print of President Trump's executive order indicates that reciprocal tariffs won't apply to autos, semiconductors, steel, aluminum, copper and other products already targeted or potentially still to be targeted by sectoral tariffs. That means Taiwan Semiconductor chips produced in Taiwan for the U.S. market won't face a 32% tax. However, Trump has previously said he wants to apply a 25% tax on chips.
Cave what? What is Cambodia going to cave in and give us? Australia, they don’t tariff us. What do they owe us and what are they going to give in and give us? We don’t make jack and that’s not about to change. These tariffs are just going to make regular Americans poorer.Why is this so hard to grasp?? These countries will cave and when they do the US will boom.
The U.S. lacks skilled workers despite having free public education, the best universities with guaranteed loans, and an extremely liberal immigration and foreign worker program? If that’s true then we need to double the tariffs. Of course the real truth is businessmen have been burning our country down, sucking all the accumulated wealth out of it, for sixty years.Apple CEO Tim Cook has said in the past that the United States is not able to compete with China and other countries when it comes to manufacturing due to a lack of skilled workers with expertise in advanced tooling.
So why didn’t Trump negotiate free trade agreements rather than imposing tariffs which will only spark a tariff war, create higher prices for US consumers and increase inflation.Yep, we are and we are perfectly OK with it. Tell Tim Apple to ask those governments to remove or lower their tariffs on the US and we will do the same. It's not hard to understand. The US is NOT a charity.
Well, not NOW but yes once it bottoms out. We don't know exactly when that will be especially since we don't know how countries and companies will respond but yes, eventually, someday, it will bottom out and we can buy bargains. I suppose, in that sense, the Great Depression was a good thing. Hmmm, maybe we hope for an even bigger Great Depression with the knowledge that after a few years there will be bargains galore!Yep. The time to buy is now when they’re on sale. It always recovers. Unless the apocalypse happens. Then it doesn’t matter anyway.
You seem to miss the vital point. Most of the companies manufacturing in these countries are American companies who moved their manufacturing overseas to lower costs and increase their profits. Blame those greedy American CEO’s rather than poor countries trying to make their countries a bit richer.Why is this so hard to grasp?? These countries will cave and when they do the US will boom.
Welp everyone here is treating a 7 percent drop like a 70 percent drop 😂Yep. The time to buy is now when they’re on sale. It always recovers. Unless the apocalypse happens. Then it doesn’t matter anyway.
Remember, a lot of the people who voted for him don’t have significant stock ownership.Well those who voted for him and support him are getting exactly what they voted for.
I'm not sure he knows how to. He negotiated and signed the U.S.-Mexico-Canada Agreement (USMCA). He touted how great it was...So why didn’t Trump negotiate free trade agreements rather than imposing tariffs which will only spark a tariff war, create higher prices for US consumers and increase inflation.
People knew what they getting into voting for Trump. Stockholders or not.Remember, a lot of the people who voted for him don’t have significant stock ownership.
The American gov gets to collect more tax from its citizens and blame a foreign government. The foreign government doesn't pay for these tariffs. Mexico hasn't built any wall.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?
The Wall Street Journal is lamenting that the tariffs might lead to MORE lobbying by companies trying to negotiate exemptions for themselves.So all that bootlicking by Tim (inauguration, $$$ donations) is for nothing? LMFAO.
Spine and scrotums surgically removed for anyone with an ‘R’ after their name in Congress.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.
I work with the extremely wealthy. They will not care about this at all. They have more money than you can imagine. Generational wealth that will not disappear for generations. The people most hurt will be the middle class and the fake rich. The ones who are addicted to buying crap they don’t need also will not feel good. A new age of minimalism is near.I've been losing a lot in my retirement 401K but I'm counting on one key thing to help turn it around in a short while. For once I'm actually counting on the saying that rich people control this country to be very true. Those people will be hurt bad by this and maybe, somehow they will influence the right people to turn this around. Fingers crossed.
Maybe Tim should ask for a refund of his million dollar “donation” 🤣
It's a good thing we don't have a democracy in America then huh?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.
Most are either so rich it doesn't matter, or have no stocks/401ks/etc, so it doesn't make any difference. Talking talk means more than sanity.Well those who voted for him and support him are getting exactly what they voted for.