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Tim Cook Explains How Tariffs Are Impacting Apple's Business

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ZipZap said:
Quote someone other than Fox. Better yet, why don't you share your retirement savings with the many others who lost a ton close to retirement. Surely, you can recover.
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LOL, the stock market retraces a little and let the drama rip. You said nothing in 2022 I bet when Biden was "ruining" the economy. Where were the folks crying then?
 

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DrJR said:
LOL, the stock market retraces a little and let the drama rip. You said nothing in 2022 I bet when Biden was "ruining" the economy. Where were the folks crying then?
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I don’t think Biden ruined the economy at all. But clearly Trump has destroyed it. If you really think that what he’s doing is going to result in a better America, you’re kidding yourself.
 
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ZipZap said:
I don’t think Biden ruined the economy at all. But clearly Trump has destroyed it. If you really think that what he’s doing is going to result in a better America, you’re kidding yourself.
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You didn’t answer about that chart. Were you crying through that downturn? Did you spread disinformation and hyperbole then?
 
Well, good news, my brother the Trumper says that China is "capitulating" and our economy is about to take off like a rocket. LOL. Not sure how you "capitulate" from 145% tariffs when there was nothing asked for them to do to make those go away. Instead the ostensible point was to make them permanent to reshore manufacturing to the US. Which would take years to do and damage the economy in the process. Again, LOL, as we rocket towards a recession. Apple getting some sort of a break does not mean that China is capitulating, even if that had any real meaning in this situation.
 
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DrJR said:
LOL, the stock market retraces a little and let the drama rip. You said nothing in 2022 I bet when Biden was "ruining" the economy. Where were the folks crying then?
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What is the source of that chart? I'd love to see what it says without the context cropped out.

Also that Fox News story you linked to says:
"The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China," the ministry said in a statement, according to a Reuters translation. The ministry also said that Beijing was "evaluating this."

From the NYT today:
China’s Commerce Ministry said in a statement that China was “evaluating” the U.S. offer to talk, but it said Beijing’s position remained consistent: It will only engage in negotiations if Washington cancels its tariffs on Chinese goods first.

So it would be great if a worldwide trade war can be averted. China is evaluating whether to even talk with the Trump admin, but that the tariffs on China need to be canceled before they will talk. This is better than no talking, but don't pop the champagne corks just yet.

Especially considering how expensive champagne will be with the tariffs. 😉
 
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The sad thing is that if a the China tariffs are relaxed and an all out trade war is averted (good thing), we will end up not too far from where we started with a good US and world economy... but Trump will then take credit for fixing a problem that HE created out of thin air. But that's better than the alternative.


Jumpthesnark said:
So it would be great if a worldwide trade war can be averted. China is evaluating whether to even talk with the Trump admin, but that the tariffs on China need to be canceled before they will talk. This is better than no talking, but don't pop the champagne corks just yet.

Especially considering how expensive champagne will be with the tariffs. 😉
Click to expand...
 
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Jumpthesnark said:
What is the source of that chart? I'd love to see what it says without the context cropped out.

Also that Fox News story you linked to says:
"The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China," the ministry said in a statement, according to a Reuters translation. The ministry also said that Beijing was "evaluating this."

From the NYT today:
China’s Commerce Ministry said in a statement that China was “evaluating” the U.S. offer to talk, but it said Beijing’s position remained consistent: It will only engage in negotiations if Washington cancels its tariffs on Chinese goods first.

So it would be great if a worldwide trade war can be averted. China is evaluating whether to even talk with the Trump admin, but that the tariffs on China need to be canceled before they will talk. This is better than no talking, but don't pop the champagne corks just yet.

Especially considering how expensive champagne will be with the tariffs. 😉
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Look up the DOW in the Apple Stocks app for full view.
 
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DrJR said:
Look up the DOW in the Apple Stocks app for full view.
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Thanks for assuming I have the app 🤣 Any particular reason you have a chart that shows the past 10 years of the Dow? I mean sure if you want to minimize more recent swings, that's a great thing to do. Not really relevant to our discussion, though.

Here's the Dow, year-to-date. In other words, the entirety of the current administration.

IMG_8435.jpg
 
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Tim Cook should explain about how Tim Cook and other low grade, low quality senior employees are impacting Apple’s business.
 
raylo32 said:
The sad thing is that if a the China tariffs are relaxed and an all out trade war is averted (good thing), we will end up not too far from where we started with a good US and world economy... but Trump will then take credit for fixing a problem that HE created out of thin air. But that's better than the alternative.
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"not too far" doesn't seem likely, to me.

A lot of trade relationships around the planet and decades of goodwill were trashed. The US had access to a lot of cheap goods and found it easy to maintain deficit cycles because the US Dollar has been the world's dominant reserve currency since mid-last century. Now that they know they can't trust the US to keep its trade agreements any more, countries will likely move away more quickly* to hold more of other currencies in reserve and use for international transactions instead (think Euro, probably the Riyal, Yuan, etc.). This means they will have less need or desire to hold dollars, so it will be worth less to them, and the domestic market will see imported goods get more expensive and less available.

*this was something they were already doing in some commodity markets, like petrochemical, which I want to say had a big shift around 2018, during the first Trump administration.
 
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Jumpthesnark said:
What is the source of that chart? I'd love to see what it says without the context cropped out.

Also that Fox News story you linked to says:
"The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China," the ministry said in a statement, according to a Reuters translation. The ministry also said that Beijing was "evaluating this."

From the NYT today:
China’s Commerce Ministry said in a statement that China was “evaluating” the U.S. offer to talk, but it said Beijing’s position remained consistent: It will only engage in negotiations if Washington cancels its tariffs on Chinese goods first.
Click to expand...
Sounds like the Chinese are channeling Khan.
1zue9l.jpg
 
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