Make the tariffs 400%. As Kevin O’Leary pointed out, China has never played by the rules.
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Apple Stock Jumps as Trump Pauses Some Tariffs for 90 Days
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Care to back this opinion up with some facts? No public information I'm aware of supports your assertion. Apple assembles 90% of its iPhones in China (10% in India), so what comes into the US is a Chinese-made device that should be subject to the now 125% tariff. The most optimistic view by analysts I've seen has Apple maybe assemble 50% of the iPhones headed for the US come from India. While the new tariffs are on hold for other countries, the base 10% is still active, so even iPhones from India would be subject to 10% tax.
How would where Apple sources the components for the iPhone matter? I wasn't aware of the tariffs on iPhones being some composite of all the countries providing components. But even if it is, most of those components are also coming from China (albeit the most expensive ones from Taiwan and Korea).
In my opinion, there's no way apple can void a real hit.
I wouldn't mind a dumb president...he could hire smart help. I do mind a CRAZY one!
Best time was last week. Today not so much. It's always china that wants everything one sided, rest are going to be happy
He’s telling the world that if they retaliate they will not benefit from a possible reprieve (reward). Carrot and stick.
😂
The Myth of Paper Losses. Don’t believe it’s only a loss if you sell it
Why this is important: When investors don’t recognize that a loss is a loss, they may be underestimating the risk of their portfolio as a whole and they may be postponing important adjustments to their portfolio and lifestyle.
As already discussed, a loss is a loss. A paper loss is a loss that has not been recognized by selling the investment. Novice investors are sometimes prone to denying reality by not recognizing a loss. Also, financial advisors, when facing angry clients, might be tempted to encourage the belief that paper losses are nothing to be concerned about. It may not be a loss for income tax purposes until you sell it, but it is definitely a loss in terms of calculating your net worth.
Living under this illusion can be a problem because it may cause you to delay making important decisions. Often, the right thing to do is to take corrective action as soon as things start to go wrong. A saying in the industry suggests that your first loss is often your best loss.
Like all myths, this one has some grounding in reality. The value of an investment fluctuates every day and a small loss may indeed be recovered the following day. That the investment may rebound tomorrow does not, however, indicate that a real loss has not occurred today.
When you call a loss a loss, you recognize your mistake. Being aware of a mistake is more likely to lead you to corrective action.
Unfortunately, investors, like most people, don’t like to recognize mistakes and often will grasp at any straw to avoid facing reality. I know of one investor who had almost 50% of his assets invested in Cisco when it was trading at $65 per share. When Cisco dropped to $15 per share, common sense suggested that he should reduce his retirement spending plans. Yet, he clung to the belief that it was only a paper loss and, since paper losses don’t matter, he continued with a higher level of spending than was sustainable in view of his reduced circumstances. By clinging to this false hope, he further damaged his future financial security.
The stock market shows you the true value of your investments. When value increases, they are bid higher. When value decreases, they are marked down. This is the way the industry reports gains and losses. It should also be the way you recognize a loss when it has occurred.
Bottom line: If something was worth more when you purchased it than it is today, you have lost money.
What you can do now: Forget the idea that a paper loss is less serious than a realized loss. Start measuring your net worth based on the true value of what you have today, not on some fantasy that distinguishes between paper losses and real losses.
Q: Are “paper losses” real losses?
A: Paper losses may not be “realized,” but they’re still very real.
Investors suffer a paper loss when an asset declines in value before they’ve sold at a loss to “realize” the loss. Even if you didn’t sell, and even if the asset might recover in the future, you still have a loss now. The investment has declined in value.
[ . . . ]
Imagine if a money manager who picks a basket of losing stocks could declare the losses aren’t that bad since none of the securities were sold. Those losses are very real, even if the securities are still owned and even if they might possibly recover in the future. You don’t have to sell to lose money - the money is gone. But you do have to sell and lock in those paper losses if you want to use them as potential deductions at tax time.
That may work for sales taxes on sales to end users.
But tariffs aren’t calculated based on where products are boxed or shipped from.
“Generally, articles only change their country of origin if the work or material added to an article in the second country constitutes a substantial transformation”
https://en.m.wikipedia.org/wiki/Country_of_origin
Putting a shipping label or sticker on something does not constitute a substantial transformation.
The most optimistic guesses by analysts say that India would only be able to fill up to 50% of US iPhone demand. And I can't find any information about what iPhones are actually produced in Vietnam. I assume that means only old models and, if so, only a negligible number.
None of what you claim happened has actually happened.
The big card the Donald held up last week with the list of countries and all the tariffs they were applying? The numbers weren't real. He was confusing a trade deficit with a tariff.
I would understand your ignorance if you lived somewhere where access to information is controlled, but the very fact you're on this forum is evidence you have access to the wider internet. A minute of your time and you'd have been able to learn that the Donald was lying.
So what's the story, do you actively enjoy being fooled?
This is as I understand it, which at the rudimentary layman's level.
It's not so much where it comes from, but where it's made. The tariff is a percentage of where it's made and where the parts come from.
Something made in China of parts 100% from China is subject to the full tariff. The product simply touching base in another country doesn't make it from that country. So if you make it in China, and ship it to India, and then to the US, it's still from China. It still gets the full tariff.
If some of the parts are made in Korea, others in China, and then the phone is assembled in India, it's based off the percentage of where the parts came from.
My understanding would be.
30% of the value of the parts comes from Korea. That percentage is subject to the Korean Tariff.
20% of the value of the parts comes from Vietnam. That percentage is subject to the Vietnam tariff.
50% of the value of the parts comes from China. That percentage is subject to the Chinese tarrif.
I think it breaks down individually and then every time something with added value crosses the border, like with automotive engines and transmissions that get shipped to North America from Japan. Then it gets more complicated than I understand it.
This has been IIGS's back of the coffee shop break down of economics for the day. It's probably all wrong, but this is my understanding of it.
Yeah because this post clearly states he’s going to pause tariffs /s
Only the people in his inner circle knew for sure what was going on
The pundits are predicting they won't change Switch 2 launch pricing in either the Canada or the US... but they think Nintendo would consider raising prices later in the US. That's unusual but these times are even more unusual. Or, I'm thinking in the very least, if tariffs persist, they just won't lower prices much for sales.
FWIW, Sony has raised its launch price to US$3999 for one of their flagship TVs coming soon to the US, and that represents a $500 (14%) increase since last year. In contrast, they kept the Canadian pricing the same at CA$4999, which is about US$3544. Sony hasn't said why there is such as discrepancy, but US tariffs are a likely candidate.
Because Trump will eventually back down—like he always does. He backed down today (at least for 90 days) on everyone else after the markets tanked. But now he's playing hardball with China, a game he won't win.
Investors know that he'll cave on China... it's just a matter of when. I think they're pricing that in.
Apple now has more ways do dodge the tariffs by relocating production in Asia. The sharp move could also be shorts closing their positions.
You mean the American consumer will take the hit. Apple will have to decide do they take the hit or pass it to the consumer, either way this is crappy.
I'm sure the white house will try to spin this as "all part of the plan," but at the end of the day, I don't hand a trophy to a dog that pukes on the floor and then laps it up.
The tariffs were used to get leaders of other countries to come to the table to renegotiate percentages.
Many countries have now enlisted in new talks. And China probably will too, soon.
Many countries have now enlisted in new talks. And China probably will too, soon.
Panicking over a temporary loss, paper or not, is idiotic unless you plan to retire tomorrow or next week. Im not retiring tomorrow and I bought the dip....so I lost nothing. And everything else will recover x10 by the time I retire based off my initial investment.😂
The Myth of Paper Losses. Don’t believe it’s only a loss if you sell it
Why this is important: When investors don’t recognize that a loss is a loss, they may be underestimating the risk of their portfolio as a whole and they may be postponing important adjustments to their portfolio and lifestyle.
As already discussed, a loss is a loss. A paper loss is a loss that has not been recognized by selling the investment. Novice investors are sometimes prone to denying reality by not recognizing a loss. Also, financial advisors, when facing angry clients, might be tempted to encourage the belief that paper losses are nothing to be concerned about. It may not be a loss for income tax purposes until you sell it, but it is definitely a loss in terms of calculating your net worth.
Living under this illusion can be a problem because it may cause you to delay making important decisions. Often, the right thing to do is to take corrective action as soon as things start to go wrong. A saying in the industry suggests that your first loss is often your best loss.
Like all myths, this one has some grounding in reality. The value of an investment fluctuates every day and a small loss may indeed be recovered the following day. That the investment may rebound tomorrow does not, however, indicate that a real loss has not occurred today.
When you call a loss a loss, you recognize your mistake. Being aware of a mistake is more likely to lead you to corrective action.
Unfortunately, investors, like most people, don’t like to recognize mistakes and often will grasp at any straw to avoid facing reality. I know of one investor who had almost 50% of his assets invested in Cisco when it was trading at $65 per share. When Cisco dropped to $15 per share, common sense suggested that he should reduce his retirement spending plans. Yet, he clung to the belief that it was only a paper loss and, since paper losses don’t matter, he continued with a higher level of spending than was sustainable in view of his reduced circumstances. By clinging to this false hope, he further damaged his future financial security.
The stock market shows you the true value of your investments. When value increases, they are bid higher. When value decreases, they are marked down. This is the way the industry reports gains and losses. It should also be the way you recognize a loss when it has occurred.
Bottom line: If something was worth more when you purchased it than it is today, you have lost money.
What you can do now: Forget the idea that a paper loss is less serious than a realized loss. Start measuring your net worth based on the true value of what you have today, not on some fantasy that distinguishes between paper losses and real losses.
Q: Are “paper losses” real losses?
A: Paper losses may not be “realized,” but they’re still very real.
Investors suffer a paper loss when an asset declines in value before they’ve sold at a loss to “realize” the loss. Even if you didn’t sell, and even if the asset might recover in the future, you still have a loss now. The investment has declined in value.
[ . . . ]
Imagine if a money manager who picks a basket of losing stocks could declare the losses aren’t that bad since none of the securities were sold. Those losses are very real, even if the securities are still owned and even if they might possibly recover in the future. You don’t have to sell to lose money - the money is gone. But you do have to sell and lock in those paper losses if you want to use them as potential deductions at tax time.
This definition fits Trump like a glove.
From Google AI:
A "narcissistic sociopath" describes someone exhibiting traits of both narcissistic personality disorder (NPD) and antisocial personality disorder (APD), characterized by a lack of empathy, manipulation, and a disregard for others, often seeking admiration and power at the expense of others.
Here's a more detailed explanation:
Understanding the Two Conditions:
From Google AI:
A "narcissistic sociopath" describes someone exhibiting traits of both narcissistic personality disorder (NPD) and antisocial personality disorder (APD), characterized by a lack of empathy, manipulation, and a disregard for others, often seeking admiration and power at the expense of others.
Here's a more detailed explanation:
Understanding the Two Conditions:
- Narcissistic Personality Disorder (NPD):
Individuals with NPD have an inflated sense of self-importance, a need for excessive attention and admiration, and a lack of empathy for others.
- Antisocial Personality Disorder (APD):
People with APD, also known as sociopathy or psychopathy, display a pattern of disregard for social norms and the rights of others, often engaging in manipulative, deceitful, and aggressive behaviors.
- Narcissistic Sociopaths:
Someone who exhibits traits of both NPD and APD, they are driven by a high need for control and power, and they often take advantage of others to meet their own needs.
- Key Characteristics:
- Lack of Empathy: They struggle to understand or care about the feelings and needs of others.
- Manipulation: They are skilled at manipulating and controlling others to achieve their goals.
- Disregard for Rules and Others: They may disregard laws, social norms, and the rights of others.
- Charisma and Charm: They can be charming and charismatic to gain influence and control.
- Lack of Remorse: They may not feel guilt or remorse for their actions.
- Arrogance and Grandiosity: They have a strong sense of self-importance and entitlement.
- Lack of Empathy: They struggle to understand or care about the feelings and needs of others.
- Examples of Behaviors:
- Lying and deceit for personal gain.
- Exploiting others for their own benefit.
- Impulsive and reckless behavior.
- Aggression and violence.
- Ignoring safety and responsibility.
- Breaking the law
Mango Mussolini loves a good pump and dump. 🍄