I don’t think anyone knows what the tariffs are actually for. Seems like they’re simultaneously supposed to pay for the income tax cuts on overtime etc but also his supporters are repeatedly claiming he isn’t going to actually implement them because they’re purely a negotiating tactic to get what he wants.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
iPhones, Macs, and Other Apple Devices Exempted From Trump Tariffs
- Thread starter MacRumors
- Start date
- Sort by reaction score
You just described nursery school bully economics.
Walk into a room of 50 kids…
Give me all your dinner money or I’ll hit you!
No I won’t give it to you!
Give me 20% and I’ll leave you alone for 90 days.
That isn’t even a game. It’s just being a bona fide narcissistic arrogant ******* who thinks that the opposition is weak and stupid. In the process trashing the entire stock market and the bonds backing the hideous US debt pile. Well done. Really well done.
From an economic perspective even Mugabe had more of a clue.
My guess is market manipulation and strong man posturing by Trump. He can never admit he is wrong, all the world's economist's said he was wrong and manufacturing won't come back because of tariffs. This way he gets an out, the American public won't recall in 6 months any of this... and whenever a factory opens (that has been in the works for years before the election) Trump will take credit for it. An uneducated electorate is a gift for Trump. But make no mistake, other countries are taking notice. We blinked and we look weak, unprepared and worst of all unstable.
Until the next time he opens his mouth and says "That Tim Apple is a bad guy. He wouldn't fix my Blackberry phone after I asked him nicely."
Yeah watch the big investment companies dumping their stock onto moron day traders. When captain orange opens his face hole the day after they’re not losing.
I give you credit for trying to make sense of things.
My observation is he speaks only to compliment himself or to get himself out of his current situation.
He doesn’t speak to inform because it’s all just made up or lies.
It could equally be that some prominent Republicans started losing money and made a stink about it.
Trump: Tariffs are beautiful, beautiful things. It's all going so well.
Random adviser: iPhones will double in price tomorrow.
Trump: Why? People won't like that. It's not a beautiful thing.
Random adviser: Your tariffs, obviously.
Trump: I will make an exception for that nice man from Apple. There, problem solved. I'm a genius. I've done a deal. It's a beautiful, beautiful thing. Everyone is happy again.
Rinse and repeat for everything that goes up in price in the USA (basically everything) until there are no tariffs left anyway.
Random adviser: iPhones will double in price tomorrow.
Trump: Why? People won't like that. It's not a beautiful thing.
Random adviser: Your tariffs, obviously.
Trump: I will make an exception for that nice man from Apple. There, problem solved. I'm a genius. I've done a deal. It's a beautiful, beautiful thing. Everyone is happy again.
Rinse and repeat for everything that goes up in price in the USA (basically everything) until there are no tariffs left anyway.
Personally I think it would be better for our auto industry to be exempt than the consumer electronics industry.
Give the chaos time to spin wildly around to doing that. One recent thing that might prompt that is multiple US auto makers laying off those that make car parts. Americans make those parts then ship them to Canada and Mexico for assembly in cars. So putting a tariff on Mexican and Canadian made cars causes LESS manufacturing in the US.
It's almost certainly a multitude of things, my tongue-in-cheek intent is that we simply continue to (with every administration, of any color/brand/party it seems) drift further and further from a government for the people by the people and more towards outright, flat-out mix of oligarphy and kleptocracy. It used to be subtle, now it is far more overt.
Surely some lawmakers being worried about midterms had some input in that, but I think we've seen that this administration basically tells the legislature what to do and there is very little mechanism for pressure applied from the legislature, that is a largely unidirecitonal relationship.
My guess is that Trump, his family and cronies bought Apple stock just before the announcement of the exemption.
After Steve Jobs passed away, Tim Cook raised prices on most Apple products in the U.S. by around 25%, which although is not a tarrif, is tarrif-like pricing.
Cook is an MBA degree-holding corporate scumbag who tries to fleece his customers as much as he can get away with in order to maximize profits.
Cook is an MBA degree-holding corporate scumbag who tries to fleece his customers as much as he can get away with in order to maximize profits.
You do know that he's required by law to maximize profits as much as he can. More accurately he's required to take any legal actions that would benefit those owning stock.
I was reading an article by someone claiming that someone placed a perfectly timed bet on AAPL calls, the odds of which they could make money were extraordinarily small due to them expiring in a few days. They will clean up, assuming apple opens significantly higher on Monday.
Note: I can't vouch for the credibility yet, but hope to see some discussion in more well known financial circles on Monday.
Edit: Ninja'd by @picpicmac
Last edited: