New Tariffs just announced will increase price

Discussion in 'Politics, Religion, Social Issues' started by CTHarrryH, Aug 1, 2019.

  1. CTHarrryH macrumors 68000

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    #1
    The president just announced a 10% increase in tariffs on products such as iPhones coming from China. If it lasts it will increase our price by some amount if not the whole 10%
     
  2. TravisPNW macrumors 6502a

    TravisPNW

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    #2
    I'd care more if I hadn't already planned on keeping my 8 Plus a 3rd year.
     
  3. Newtons Apple macrumors Core

    Newtons Apple

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    #3
    There might be some pain for a while but it is a worth while cause. China has been cheating, lying and stealing for years now. Time to do something about it.
     
  4. Altis macrumors 68030

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    #4
    When it comes to raising minimum wage, I'm forever told that if the business cannot afford to pay their employees then the model deserves to fail. We're also told that we need to accept paying more so that people can earn a living. That's all fine and good.

    But then we simply export labor to countries that have far lower compensation (and without our environmental regulations) and give them unfettered access to our markets, while shipping them across the world. Apple will charge the most that the consumer market will pay to maximize their profits regardless.

    It certainly should not be free to have access to one of the most lucrative markets, allowing for the circumventing of all the standards we set for workers.
     
  5. CTHarrryH thread starter macrumors 68000

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    #5
    This and other thread indicate no big deal the money but there are other threads that talk about lowered sales due to costs and Apple needs to lower price if they want to regain sales. Can't be both ways.
     
  6. delta0, Aug 1, 2019
    Last edited: Aug 1, 2019

    delta0 macrumors newbie

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    #6
    The tariffs could be over 200% and it would still be cheaper to not make the iPhone in the US. At the end the consumer loses.
     
  7. 556fmjoe, Aug 1, 2019
    Last edited: Aug 1, 2019

    556fmjoe macrumors 68000

    556fmjoe

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    #7
    Sums up my thoughts and why I am in favor of tariffs.
     
  8. TravisPNW macrumors 6502a

    TravisPNW

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    #8
    Same. No pity whatsoever. They won't be passing the cost on to me.
     
  9. Thomas Veil macrumors 68020

    Thomas Veil

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    #9
    Maybe not you.

    The Chinese made couch I’m planning on buying has gone up $100 already thanks to Trump’s bat$#!+ tariffs. Now it’s going to go up in price again.

    The Trump Tax, Democrats. Use it.
     
  10. LordVic macrumors 603

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    #10
    While I agree with all the reasoning why China is not a good actor in trade, Tarriffs are a TERRIBLE means to extract justice and what we are looking for.

    Nobody pays for Tarriffs but you and I. The end user who will end up paying higher for those goods. Many goods that must be imported.

    If a state actor is behaving in a way that we believe is punishable. The correct method to pressure that bad actor is via sanctions. not tariffs. Sanctions directly charge and punish the people of that country. Which is opposite of tariffs, which impact your country.

    Trump just wont go there, because I don't think he has the base understanding of what he's actually trying to do.
     
  11. Crowbot macrumors 6502

    Crowbot

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    #11
    If we want access to their markets we have to give access to ours. Agreements like the TPP were designed to make that easier.
    This country needs to make a serious (frantic?) effort to get people trained on current technology so we can make things like the Mac Pro here again.
     
  12. Altis macrumors 68030

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    #12
    My post was not about punitive measures, but about these corporations circumventing the standards we collectively set for our countries.

    In my opinion, I think that tariffs should be proportional to the discrepancy in working, living, and environmental conditions of that country. If companies want access to our markets, they have to be part of it.

    The consumer sets the price in terms of what we're all willing to pay for products. The company will try to maximize the selling price, limited by the consumer, and minimize costs. If they want to save money by building elsewhere, effectively exporting labour and cash, then there should be means of counter-balance. Apple can't just raise prices without reducing demand, so they may well have to eat a large portion of the tariffs. If they could simply raise the price, they'd have done so already.

    Somehow this is obvious for countries (like China), but when the U.S. wants to do it, it's a problem.
    --- Post Merged, Aug 1, 2019 ---
    We don't have the kind of access to other markets like China that they do to ours.

    A good example is China implementing very steep tariffs on vehicle imports. Result? Tesla builds manufacturing facilities within China to not have to pay for it -- thus, Chinese consumers won't be paying the tariffs, they get the labour and they keep the cash.
     
  13. Newtons Apple macrumors Core

    Newtons Apple

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    #13
    The world should be sacrificed for you couch! LOL!
     
  14. LordVic macrumors 603

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    #14
    What if it's a very nice couch? What if it's the couch that will save the world. It could be the very couch that appeared on Lord Cricket's Grounds to prevent the bombing from the Vogon construction fleet :p
     
  15. statik13 macrumors regular

    statik13

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    China is used to playing the long game, meanwhile Trump is in office for another 14 - 52 months at the most.

    China will walk away from this unscathed. America? Not so much so.
     
  16. LordVic macrumors 603

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    China won't care. They'll allow the backs of their citizens to crumble as long as the state is ok. We often forget that they're not a "free" country. At least not the sort of free we take for granted. The state will gladly let a few million suffer in squalor or abject poverty to ride this out.

    the US on the other hand won't... or at least, wouldn't / shouldn't as the state is answerable (or at least should be) to the people itself and not the ruling party.

    this gives China, the country a massive leg up for riding out these sorts of things. if the global economy turns south due to the increase in tariffs crippling spending power, China won't care. the US on the other hand will quickly replace the leader who led to it.

    Further evidence that Trump agian has absolutely no clue what he is dealing with. I'm a bloody political couch dictator and even that is painfully obvious to me. Trump is supposed to be the leader of the free world, and he is so obtuse in international politics that he doesn't understand the people he is working against.
     
  17. Newtons Apple macrumors Core

    Newtons Apple

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    #17

    We shall see. Still needs to be done as we have become too dependent on the chinese!
     
  18. Huntn macrumors demi-god

    Huntn

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    #18
    Some observations:
    • US consumers are hooked on cheap goods. Maybe because their formerly good paying job was shipped off to China by our patriotic corporations, and for many consumers, this is what they can afford.
    • What China produces even with tariffs will still be cheaper and US consumers pay the tariffs, not the Chinese.
     
  19. pshufd macrumors 65816

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    #19
    7+ for me. It's a given that it's going for another year. The question is will it be another two years? I'm waiting for Touch ID to return before buying a new phone.
    --- Post Merged, Aug 2, 2019 ---
    The beneficiary will be the US Treasury.

    What I see is some production moving out of China to Vietnam, Thailand, etc. You can switch production on a dime though.

    I'm starting to see reshoring of corporate headquarters.
     
  20. statik13 macrumors regular

    statik13

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    #20
    What do you think is more likely to happen from the tariffs?

    China bends a knee to Trump.

    or

    The price increases are passed on to the US consumer and Americans just adjust to having less purchasing power.
     
  21. Huntn, Aug 2, 2019
    Last edited: Aug 2, 2019

    Huntn macrumors demi-god

    Huntn

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    #21
    So basically a consumer tax placed on average citizens while pretending to punish China. Look at the Corporate enablers in this country that created this situation . We sent those jobs to China because all they cared about was a competitive advantage and $$$, at the cost to former employees. They created the China we know today. And we scream about cheap labor flooding our mainland, because it will impact jobs here, when millions of good paying jobs have already been shipped offshore. We are a bunch of sheep being herded by our corporate masters. Is it surprising that socialism, even communism picks up traction in some corners of the World?
     
  22. pshufd macrumors 65816

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    #22
    I would prefer the latter but what I see as more likely is that Chinese manufacturer accept less money for their goods. They are as dependent on us as we are on them.

    The rest of the world is slowing rapidly. The US is slowing but at a very slow rate. Look at 10-year bond yields around the world dropping like a rock. Look at short-term rates too. The US rate is dropping but it's dropping from much higher levels. Europe never even got to tightening or quantitative tightening. There has been a steady drumbeat of really awful economic numbers coming out of Japan, South Korea, Singapore and Taiwan the past three weeks.
    --- Post Merged, Aug 2, 2019 ---
    It does punish China. Look at economic numbers on a daily basis.
     
  23. Huntn macrumors demi-god

    Huntn

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    #23
    My impression is that the majority of goods flooding the US from Asia is under contract from US Corporations who have ordered these goods, payed for before they are sold here. China will be hurt when Corporations stop placing orders for these goods and a less expensive source is found. US and Chinese workers are the pawns in this.
     
  24. pshufd macrumors 65816

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    #24
    Yes. Last year is a good example.

    US Companies ordered a lot of goods last summer to beat the tariffs. The Federal Reserve thought that this meant that the economy was going great guns when it was just business being pulled in from after the tariffs. And so he made a policy error.

    I expect to see US Companies ordering a large amount of stuff this month (I think that it has to be delivered to the US before September 1). So this will swell inventories - it's possible that it may swell them to a huge level. Chinese companies will be incentivized to produce and sell a lot of stuff as it could be a long drought on sales.

    If you're a consumer and you need stuff from China, buy it now.

    Or just look for products made in other countries. Or even made in the US.
     
  25. VulchR macrumors 68020

    VulchR

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    #25
    As much as I loathe Trump, I think on this one point he has a case and is handling it well. Still, I want to know what's being done with the money collected in tariffs. It should be ploughed into helping people who are underemployed or unemployed, or perhaps maybe go to shoring up Social Security. And of course, some of it should be used to beef up cybersecurity, because the PRC does seem to do a lot of industrial espionage.
     

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