Or we could bring manufacturing back to where it belongs.
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Kuo: Apple Can Reduce Impact of Trump's Massive Tariffs in Five Ways
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People like to repeat that so if said enough times it will become true. But it's not at all true.
If you think you had it bad the past four years you have a very nasty surprise coming. You're going to find out your Dear Leader doesn't give one sweet damn about you and your life is going to get ever more difficult. You won't be "owning the Libs." You won't be owning anything.
Well I would have to less than the preceding 4 years. But okay. What’s done is done.
Here's an example of how American cars are designed. This one needs the tire to be removed to access the battery
Are you sure they are legally required to maximise profit, right now, in the short term? It is not as an explicit legal obligation as people imagine.
Apple have always been quick to increase prices in other countries when the exchange rate changes vs US$
American consumers may have to start accepting prices similar to what others around the world pay for the same product.
I was also wondering what will happen to Nike given everything is made in Vietnam.
I once had a Chrysler (admittedly a government funded K-car early in the 1980's) that required its grill and radiator to be pulled to change the light bulbs for the head lights. Not joking.
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There are many working in sub minimum wage in the service industry in restaurants. Also I doubt Koreans are working "slave" wages, Samsung can manufacture phones in Korea. American CEO's are too greedy.
Perhaps. But arguably manufacturing has gone to the places where manufacturing is most efficient. Protectionism rarely helps manufacturing because it reduces competition, and therefore innovation. I am all for less Apple reliance on certain Asian countries with poor track records in human rights, but then again the US isn't exactly the gold standard for that ATM.
Perhaps it would have been better to require all manufacturers importing products into the US to have paid workers at least the equivalent of the US federal minimum wage and given workers basic rights...
That's not how things work when someone has to build and sell something. But, your sentiment is what is so common online so people think it's just true.
Regardless, Apple will do what the rest of the industry will do: find ways to minimize price rises while cutting costs, which means in many cases lowering quality, which Apple won't want to do... so the net result will simply to reduce capability (and hence design products that include fewer things.)
Manufacturing "belongs" to wherever works out best for everyone.
Economic nationalism, like other kinds of nationalism, a path to death and destruction.
Arguably not their most popular product though.
Nor their most hard-to-relocate-manufacturing product.
If these tariffs just covered manufacturing, it might matter..but it doesn't. There are raw materials, ore, minerals and metals, foodstuffs, that just do not exist in the US and for food, can't be grown here because of our environment. Those are being tariffed, too.
You ready to start growing coffee in Colorado, or mangos in Indiana? Cesium, rubidium and gallium and graphite don't exist in North America. Going to build a fusion reactor to create these elements and molecules?
Blanket tariffs are for a lazy tool, for a very lazy president.
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America needs people who are willing to work in a factory for hours each day. The young people I know seem to have zero interest in an occupation involving manual labor unless it's to work as a professional plumber, electrician, or carpenter.
Perhaps, but are there enough to fill all vacancies?
Labor is one component in the supply chain. Are there enough resources, skills, or raw materials for a 100% made in the USA electronic device?
Samsung also manufacturers phones in China and the corporation is regarded as corrupt.
If I had the confidence to see the future they way that some of you have, I would would be playing the ponies or choosing lottery numbers. As it is, I have no idea what will happen. The tariffs may lead to an economic collapse or could lead to the “golden age” Trump keeps talking about. I’ll wait and see.
by Tim Cook (saw somewhere on yt): it is because most of US people are uneducated and are mostly creating content and other yt/tt/fb stuff where in China it is much easier to find a large numbers of highly qualified educated in engineering staff. Like slave labor was correct 20 years ago when China was producing t-shirts, nowadays to complete a production of an iphone you need plenty of qualified people to watch the automated process, noone is putting them together manually and as Tim Cook said: we moved to China not because the labor is cheaper but bc we can't hire enough engineers in US bc there is not many and in China we can hire as many as we want and build a factory after factory
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The company pays the tariff that is what tax experts say
Unless you know better
US companies aren’t the only companies that outsource manufacturing but the US now has a president that has just increased tariffs
It’s not an opinion when companies have to put staff wages up then the business then pass that cost on to the customer by increasing prices or else it would come out of profits
This will happen if Apple have to pay these tariffs that is why the iPhone 16E has had a price increase of 180 on the previous model so come September the others will get bumped up in price
This might not be easily understood by US citizens. But as a Scandinavian, I am impressed by how this is discussed on Financial News commentaries. Finally there is kind of public discussion on how high our own taxes are on imported goods. Even though some say a tax like VAT (25%), is not comparable to tariffs. Others say all are taxes, whatever the labelling 👍
Norway and Denmark has insane tax on cars (except for electric cars that are exempt from some taxes). And all are of course imported, as we do not manufacture any cars. Just one example. And that is why "rich" people in Norway have Tesla cars. With normal taxes they would be twice as expensive.
I'm not even going into details on tariffs on food imports to Norway...🫣
Norway and Denmark has insane tax on cars (except for electric cars that are exempt from some taxes). And all are of course imported, as we do not manufacture any cars. Just one example. And that is why "rich" people in Norway have Tesla cars. With normal taxes they would be twice as expensive.
I'm not even going into details on tariffs on food imports to Norway...🫣
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The importer pays the tariff. That’s a fact.
Exactly. China produces about 90% of the worlds goods.
It’s also not an opinion to say that not all increased expenses to a company results in increases to the consumer.
It had a price increase because it was time according to Apple. Nothing to do with tariffs, unless you have proof.
If there is no industry then how do you propose that it’s brought back to the US with no work force available in the massive scale that Apple requires
Are you talking 2 years or 5 years to bring these jobs back to the USA
The average wage at Foxconn in china is about $2.88 an hour
So if the iPhone is brought back to America to be made then I’m assuming that the cost of the iPhone wouldn’t increase because naturally the costs wouldn’t go up because they would pay US the workers the same wages
I’m assuming