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It is similar here. Though laws can vary from state to state, not all things are subject to sales tax. Typically only tangible goods are taxed. Basic goods, such as groceries and prescription medicine are exempted, as are rent and professional services.

The idea of a VAT doesn't sound mad. It is the fact that they are 3x the average in the US. From time to time, someone will float the idea of a national sales tax. That gets shot down quickly.

Typically people in the US are opposed to any kind of taxes. Then they complain when the government can't afford to fix potholes in the streets.

They complain because the money that’s supposed to be spent on potholes isn’t spent on potholes. Then the government cries they need more money to fix the potholes. Which they don’t.
 
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The point of the tariffs is to make foreign made products as expensive as they would be if they were made in the US. Unfortunately it's doubtful they will work. Even though the trade deficit got bigger during Trump's first term, these tariffs might actually succeed in reducing our trade imbalance because they're steeper and more sweeping.

The long term solution to bring manufacturing back to the US is to deregulate so American businesses and workers can be competitive with the rest of the world. The US would definitely be better off if more stuff were manufactured here.

So eliminate all safety standards, eliminate minimum age requirements to work, eliminate minimum wage, etc.

The US can go back to an average life expectancy of 47 years - yay!!!
 
Sometimes, it's the little storys that end up clouding the bigger picture. Your examples are spot-on, but they haven't exactly shaken the USA's position as the world's economic powerhouse—thankfully, it's been seen strong, before Trump.

The global economy is like a finely tuned machine, and honestly, it’s been working pretty well for the USA. The old saying goes: 'If it ain't broke, don't fix it.' But now, someone’s decided to tinker with it. Enter egg prices and canadian storys to set the stage.

By the way, you can replace Tesla with TSMC and Chinese with American. But keep in mind that both sides do this! And no one should let this smoldering war flare up.
If we keep going deeper and deeper into a trade deficit and deeper and deeper into debt (yes we need accountability on spending but we are looked at as the payout when **** happens). Both sides do not do this and that’s the whole point. If we made importing fees on semiconductors either as a chip or on a board at the same rate as China we wouldn’t be in this spot.
 
He tricked the evangelicals into voting for an adulterer who has broken every biblical deadly sin, multiple times. And you're kidding yourself if you think Kamala would have been treated the same if she did the same things he did.

He didn't trick them. They knowingly did what they did. The unholy alliance between the Republican Party and evangelicals is well documented and goes back to the 1970s.

Kamala lost the election when she said she couldn't think of a thing she would do differently from Biden. It may be a difficult thing to grasp when you see gaping evil and incompetence from Trump and his administration, but the fact on the ground is that the majority of people who voted in the last election didn't like the Democratic-party corporatist status quo. If you truly believe that she only lost because of race and gender, then by allowing her to be the candidate, you were the reason Trump won.
 
Funny thing is, it seems the scrolling onscreen stock ticker that all the major cable news channels were running today was conspicuously absent on Fox and Newsmax. So all the watchers got was "please be calm, don't look at facts" just like the "this is fine" cartoon dog in a burning house meme.

Yes ... very much these vibes..

images
 
He didn't trick them. They knowingly did what they did. The unholy alliance between the Republican Party and evangelicals is well documented and goes back to the 1970s.

Kamala lost the election when she said she couldn't think of a thing she would do differently from Biden. It may be a difficult thing to grasp when you see gaping evil and incompetence from Trump and his administration, but the fact on the ground is that the majority of people who voted in the last election didn't like the Democratic-party corporatist status quo. If you truly believe that she only lost because of race and gender, then by allowing her to be the candidate, you were the reason Trump won.
It wasn’t the reason, but it was one of the reasons.
 
You have seen who is in government in the UK right? Theirs your answer.
The UK closest comparator was the short-lived Liz Truss government. She was so dangerously incompetent that she was forced to step down within 7 weeks having crashed the Pound Sterling, caused government debt repayments to spike and caused current UK Gilt bondholders to see their investments crash in value. Truss is also pro-Trump btw.
 
Of course there will be a deal. This article is just another opportunity for far left global socialists’journlissts’ to take a dig at Trump.

As if any leftist gives a crap about America……..
Well I don’t want to get into the partisanship, I’m just pointing out that China cannot afford to lose access to the American market in their current economic state. Does Apple move to quickly increase production to India if the admin makes a deal with India first? That would be disasterious.
 
I actually don’t believe this. Not that Apple won’t raise prices on things, I think they will. But I think they’re going to raise the prices of accessories and services instead. $59 for silicone cases, $14.99/month for Apple Music, etc. That may minimize the price hike of the iPhone.
 
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The UK closest comparator was the short-lived Liz Truss government. She was so dangerously incompetent that she was forced to step down within 7 weeks having crashed the Pound Sterling, caused government debt repayments to spike and caused current UK Gilt bondholders to see their investments crash in value. Truss is also pro-Trump btw.

Actually she was pretty good, she knew what to do to fix things though and the establishment didn’t like it so they destroyed her. If you look into it it was the Bank Of England who caused the issues, not Truss. What Labour are doing now is a million times worst.

Anyway this is a thread about Trump and his crazy tariffs.
 
As usual, the media misses the mark. Trump doesn't want to collect any of these tariffs. He wants countries to drop their tariffs and we drop ours. These are mostly reciprocal.

Also, companies will get exemptions. Tim Cook got Apple one in Trump's first term.

The US is the largest consumer market in the world and has the largest GDP of any country. These countries are racing to make a deal with Washington.

This is a negotiation.
 
Glad I got my MacBook Pro when I did. My 14 Pro will just have to carry me another year (battery still at 100% so no issues).
My 14 Pro’s battery health is at 87% so it’s possible I could wait until next year, but there’s no guarantee. A new battery is a possibility as well, but I would prefer to upgrade this year at a normal (for Apple) price.
 
I would be happy to watch Apple take it on the chin and have some lost sales. Does everyone really need a new one? Maybe a down year will force Apple to make changes for the better?

Lot of things being broken in the world right now. Obvious downsides, but the upside is maybe it forces some stagnant companies to change. Isn't that what MR readers are asking for? Apple to stop selling the same thing every year? And yet we blindly keep buying.
 
The real reason this was done was due to an error on the part of the US customs over bills of landing that erroneously listed footwear and aquarium parts as coming from Norfolk Island in Australia when in fact they came from companies based in Norfolk in the UK. Source: https://www.theguardian.com/australia-news/2025/apr/04/revealed-how-trump-tariffs-slugged-norfolk-island-and-uninhabited-heard-and-mcdonald-islands#:~:text=In some cases involving Norfolk,company's registered address in New
No, the Penguins are on Heard and McDonald Islands, not Norfolk:

 
The iPhone 16 base model is estimated to have a manufacturing cost of $416. Apple charges $799 at retail. In 2023 there were no tariffs on iPhone imports because smartphones were exempted from tariffs coming from countries with Most Favored Nation status. So, Apple is marking up their landed cost by 92%. If smartphones are no longer exempt, then that $416 gets increased 54% due to Trump's tariff and becomes $641. [IOW, Apple has to invest an additional $225 per phone brought into the country.] If Apple wants to maintain its margins (which I assure you it will try like hell to do), then, absent any other changes to their overall pricing and cost structure, the iPhone 16 base model phone has to go to $1230.
We can't really know what Apple's cost is. Which is what the tariff will be based on. Since it will all land with Apple, not directly to consumers. They will have to pass along the costs. it will be more expensive, my guess will be more like 10-15% more than today. They will shift around their supply line. They know they can't sell a base model iPhone for $1230. But they also know Samsung can't sell their phones either. That $2000 fold is going to be WICKEDLY high priced.

Tim Cook will figure it out. Even if they have to ship the parts to Texas and put them together there to do it.
 
I hope all the butt hurt people commenting are up-to-date on their vaccinations and enjoyed someone other than grandpa running this country for four years. Gas prices were at record prices, he left troops to die, prices for raw materials were skyrocketing, just to name a few. Oh, and let’s not forget about the laptop that “didn’t exist”.

People need to read and inform themselves about truth and stop listening/watching mainstream media. You hear what they want you to hear.

Likely the same people that say “this wouldn’t happen with Steve around.” Move on!
 
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