a major recession. and many lost jobs and foreclosed homes.
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Apple Stock Falls as Trump Tariffs Target Supply Chain
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You can’t move production facilities overnight. It takes years.
Because "Free Trade Agreements" are anything but free. One need only look at the complete disaster that is NAFTA to see proof of that.
You forced the only guy who beat Trump in an election to drop out because of one bad debate. Just saying.
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.
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.
yeah, I think the idea is to suffer through the various hardships for just a few years then reevaluate. Obviously they can't evaluate success until companies at least have the time and money (not sure where that comes from) to build US factories, staff them and then see if those companies succeed or flop from that effort. Maybe three years for the first set of big companies to get through that. Staffing will be a big issue given that unemployment (was) at a very low level.
If companies commit to moving production back onshore, they might get relief in the interim.
What about middle class that need medication to prevent seizures from brain tumors? I don't think medication is crap they don't need but it sure is expensive. Luckily no one cares. Remove the weak.
Agree. The greedy CEOs made the way things are. And the top 1 percent who own the vast majority of stock are the beneficiaries of the great prosperity they saw. I feel like with some regulation this would have never been a problem. Not to say that regulation is about capitalism but this is the only way Trump has figured out how to make other countries do what he wants. The thing about a new depression is it will bring great prosperity for young people who have seen no hope for some time. I do believe it will take more than ten years to see any manufacturing sent back to America. So I don’t see Trump getting what he wants but maybe that isn’t what he wants? He’s a business person and a lot of business people are angry with him. So he doesn’t care what they want. As much as people hate Trump he’s doing what he believes will bring America back to prosperity and fairness is his life motto.
What you really mean is that free trade agreements don’t necessarily benefit the US because manufacturing costs are higher in the US.
I can understand that but I don’t see how tariffs are going to change that unless workers in the US are willing to accept lower wages to compete with foreign manufacturers.
Tim Cook tried to appease the current President.
This is his reward.
Appeasing dictators--and dictator-wannabes--never works. They must be opposed head on.
This orange man's (and his co-conspirators') callous whims are leading to countless deaths from starvation, due to the cancellations of food aid to those in other countries who are starving. Compared to this, the increased cost of Apple products is relatively insignificant.
Even so, it is bad for the country, the world, and us.
This is his reward.
Appeasing dictators--and dictator-wannabes--never works. They must be opposed head on.
This orange man's (and his co-conspirators') callous whims are leading to countless deaths from starvation, due to the cancellations of food aid to those in other countries who are starving. Compared to this, the increased cost of Apple products is relatively insignificant.
Even so, it is bad for the country, the world, and us.
1000 points is nothing, who the heck thinks that is enough to trigger “buy” signals?
I suspect that's exactly the plan. A lot of this is about moving things back to the old days when there were no unions and workers just scraped by (more so than now)
Well. It’s not really about unemployment. It’s about underemployment. About 70% of workers cannot make ends meet or make it to the middle class due to the shareholders being the primary focus of CEOs nowadays. 50 years ago America was great because there was a strong middle class and opportunity to build a business. CEOs were greedy. They wanted it all to appease the shareholders and boards. They eliminated benefits and they refused to increase wages. I would say CEOs and Congress both made terrible decisions to allow it to happen. CEOs only cared about themselves, and Congress didn’t act to stop the abuses of the workers or sending manufacturing overseas because most of them profited from it and therefore allowed it. We all suffer for the greed of those few.
That’s kind of how smartphones are these days. You should never expect any significant innovations from slab smartphones anymore. We are at the point where smartphones are so mature and robust in terms of technology and hardware that it makes sense to not want to upgrade your phone every year or two anymore.
But they aren’t 100% the same, however. They’re incremental upgrades, and that’s just how it is these days; it doesn’t mean they’re the same though.
These tariffs are levied by country and industry sector. There was no mention of exemptions for individual companies but who knows.
No I mean it had zero benefit to the United States while Mexico and Canada reaped the rewards of a completely incompetant Clinton Administration
"NAFTA's implementation coincided with a drop in manufacturing employment, from 16.8 million to its lowest since 1940—11.5 million jobs in 2009. NAFTA ended with 11.98 million manufacturing jobs at the end of June 2020—after which the USMCA went into effect and manufacturing employment numbers began to rise."
https://www.investopedia.com/articles/economics/08/north-american-free-trade-agreement.asp
Interesting to note that June of 2020 stat. Refresh my memory.......who was President at that time 🤔
Does America First have to involve cutting off all aid to the poorest people? I would hope that most Americas are more compassionate than that.
Rich people are seeing another buying opportunity! Another transfer of wealth from the poor to the rich!
And helping those countries IS very much good for the US. Happy, healthy countries are WAY less likely to to want to harm the US in some way.
The fact the aid is there to cut off makes my point. Our prosperity brings world prosperity.
