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Apple Stock Sell-Off Continues After China Unveils Matching Tariffs
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I'm not sure the party that is anti-news, anti-reading and anti-education is the party of intellect and reason. Sadly, I don't even need to mention the party name for everyone to know which party I'm referring to.
A lot of people wanted him to do exactly the things he said he would do and did. But campaign promises and promise fulfillment isn't really the issue.
For better or worse, it is a popularity contest, at least it is enough to swing a close election. And like her or not, and whatever the democrats want to believe or not, her policies and beliefs were also unpopular with a larger section of the country than the democrats can believe exists. All those flyover states, as they call them.
I don't think even his conservative supporters quite expected it to be this extreme.
To be clear, since everyone's politics are so important to everyone for reasons that have nothing to do with anything, I didn't want either one of them. Every year we are presented with two awful choices and it just gets worse and worse.
Can you back up your claim that Taiwan has 64% tariffs on US imports? FYI, the numbers on Trump's chart are not (and don't even claim to be -- notice the two columns on his chart have different titles?) actual tariffs charged by those countries. Instead, they are calculations based on the trade surplus or imbalance, NOT tariffs. Trump is suckering you, friend.
For example, as the WSJ reported this morning: China's ACTUAL tariff rate was 7.5%, not the 67% on Trump's chart. This morning, in response to Trump, China RAISED its tariff from 7.5% to 34%. If it was already 67%, how could China have RAISED it to 34%?
So, thanks to Trump's fake news and latest attempt to bamboozle his supporters, over the past 48 hours China's tariffs on US imports have INCREASED 4.5x.
So while we wait for you to cite proof of your claim about Taiwan's tariffs "charged" to the US, we will sit and admire all of this economic "winning."
I mean, who else ya gonna vote for? That's the beauty of this wonderful system, the freest and fairest elections on Earth!
This is what we reap when entire generations have been told to vote for the one they hate slightly less.
(not that it's anyone's business but I didn't vote for Trump.)
I sincerely hope your country can find a way to reduce the division. Once polarization reaches a certain point, sadly—it never really goes back. That’s the reality we’re living with in my country right now.
Sometimes I can’t help but wonder: is it an education issue? People seem far more willing to accept simple answers or catchy slogans than to spend five minutes thinking critically about what they see and hear—checking sources, questioning narratives. Like that ridiculous “64% tariff” number. Let’s be honest: if any country actually imposed a 64% tariff on another, especially one considered a “friendly nation,” it would be seen as an act of economic warfare. And yet people repeat it without question.
That kind of blind acceptance is how polarization takes root—and stays. It’s deeply unfortunate. And yes, sadly, my own country is full of that same mindset. Real dialogue becomes nearly impossible.
By just talking like this, you are telling on yourself about your own intellectual capacity.
Oops!
Interesting, isn’t it? A 64% tariff is basically an act of economic war. It actually reminded me of something Bruce Lee once said, when a reporter asked him whether he could beat Muhammad Ali in a fight. Bruce calmly held up his hand and said, “Look at this hand—it’s a small, weak hand…”
I’d say the same thing here: If Taiwan—stuck between China and the United States—dared to impose a 64% tariff on the most powerful nation in human history, well… whatever our president was on at the time, I’d like some too.
That said, it’s unfortunate that some people actually believe that number is real. And honestly, I wonder how many of them—regardless of which country they’re from—have ever taken the time to seriously ask: how are these numbers even calculated?
Trump voters did not vote for him out of disdain or distaste for the dems. That's just what they tell themselves to feel better.
We voted for Trump because we actually believe that he is the ONLY person who can fix the things truly broken with our country.
Let me be clear: If he can't fix them, then it doesn't really matter who you vote for at that point. We WILL go bankrupt and we WILL fall as a country and probably end up being owned by someone else. Probably China.
Trump is NOT a consolation prize for MAGA. We LIKE him and we LIKE that he puts America FIRST and doesn't care what that means for anyone else.
As long as we hold our ground, in 2 years our economy will be the GOLD STANDARD. But patience is the biggest requirement. There is no way Apple would spend 500B here if they didn't know things were going to be awesome. Apple doesn't WANT to be in China (or India for that matter) and so Trump is going to make it possible for them to eventually exit those countries.
One last point: The problem with tariffs isn't the amount charged to the US or the other way around. The problem with tariffs is that they matter at all. What they REALLY show is _reliance_ and THAT is what the US has to defeat. We have the ability to make pretty much anything here if we wanted to. The more we make here the less reliant on anyone else we are and the less tariffs are even relevant. Hopefully someday, it'll just be a meaningless word. But you HAVE to think more than a few days in the future. I see my portfolio bombing out right now too. Don't panic. Keep buying all your investments (ON SALE) and ride it out.
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Oh it's absolutely an education issue. And a media issue. The attention is directed and focused on things that don't actually matter. That's how the two political parties maintain a cartel stranglehold on the government.
The division and fierce fighting over peripheral issues is absolutely intentional. As long as people are fighting over side issues they don't focus on the real issues like campaign finance reform, tort reform, electoral college reform, etc etc all those things that actually hurt the politician's real power.
And the fact that I can say this in this country and not be disappeared is not lost on me. It's still a great country in many ways. But I can say these things because the government knows it doesn't matter, nobody can do squat.
Apple has ridiculous profit margins as is. Cry me a river.
Keep the prices and accept the lower margins
Keep the prices and accept the lower margins
Yeah sure. This time it's going to be different.
Here is a press release from 2021 released by Apple.
"Apple commits $430 billion in US investments over five years".
Sounds familiar?
Apple absolutey wants to be in China. They came for the cheap labor. They are staying now, because of an unmateched supply chain.
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Tariffs, like sales taxes, are highly regressive and the burden is put on poor people.
But... some people like cruelty.
I cannot take you seriously.
You think someone with a string of business failures, a felon, an identified sex-offender, an adjudicated rapist, and a con-man entry into the WWE Hall-of-Fame can "fix" "things" "broken" ???
It's Trump supporters who are broken.
Yup. As Saint Trump tells us, all these countries will be writing checks to America, and then Saint Trump will wisely disburse that windfall to each and every American, depending on need.
In cults, that happens with only a few of its members. The vast majority stick with the cult and double down on their madness.
I already bought a Mac mini Pro and a MBA back in February. I don't plan on buying anything Apple for several years now, including an iPhone.
Yup. This was the also plan starting at the end of 2008, with the housing crash resulting in people losing their houses, which the wealthy snapped up and then rented out.
This is small minded. Letting other countries take advantage of us forever will hurt even more people in the long run.
And they have proven that by what I have seen on Twitter today.
This comment from the cult that wants men in women's sports.
Trump's popularity even among some of his followers has taken a steep nosedive. He has the lowest approval ratings, on every score, of any US president throughout history. We'll see whether that makes a positive difference for the fate of the nation and the world, or whether he and his enablers and followers just double down.
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The U.S. is fascinating to watch from the outside. The new era of protectionism and isolation is signalling pretty hard that they no longer trust their allies, and do not have their back. At least the resulting push-back might result in a weakened U.S. cultural hegemony.
I'm hoping that Apple doesn't try to offset tariffs inside the U.S. by putting up prices outside. We're already paying a lot for iPhones. The 16e starts at $999 here, a base 16 starts at $1399, and a Pro Max starts at $2149. I want to get a 13" iPad Air, but they start at $1349, so I'll have to put it off for a while, and hope that Apple doesn't charge us to offset you having to pay tariffs.
I'm hoping that Apple doesn't try to offset tariffs inside the U.S. by putting up prices outside. We're already paying a lot for iPhones. The 16e starts at $999 here, a base 16 starts at $1399, and a Pro Max starts at $2149. I want to get a 13" iPad Air, but they start at $1349, so I'll have to put it off for a while, and hope that Apple doesn't charge us to offset you having to pay tariffs.