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Trump Planning Semiconductor Tariffs That Will Impact Apple, No One 'Getting Off the Hook'
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I don't see POTUS listed here and I don't see POTUS doing any investigations to determine which countries are using tactics that are unjustifiable, unreasonable, or discriminatory and burden or restrict U.S. commerce.
As usual, it's Trump doing what Trump wants and to every country, even those with only penguins to have his retribution.
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Section 301 of the Trade Act of 1974, as amended, provides a legal framework for the United States to address unfair foreign trade practices that negatively impact US commerce. It allows the US to investigate and take retaliatory actions, including tariffs, against countries that engage in such practices. The provision is triggered by a petition from an interested party or at the discretion of the United States Trade Representative (USTR).
Key aspects of Section 301:
- Investigation:
The USTR investigates foreign acts, policies, or practices that may be unjustifiable, unreasonable, or discriminatory and burden or restrict U.S. commerce.
- Retaliation:
If an investigation finds a violation, the USTR may take retaliatory action, including tariffs, to address the issue.
- Scope:
Section 301 addresses a wide range of unfair trade practices, including those related to intellectual property protection, market access, and trade barriers.
- Examples:
Investigations have been launched regarding China's forced technology transfer policies, EU beef import regulations, and digital services taxes in various jurisdictions.
- Super 301:
There's also a provision called Super 301, which requires the USTR to identify priority countries for trade negotiations, although it was less frequently used in recent years.
- China:
Recent examples of Section 301 actions include tariffs imposed on Chinese products in response to unfair trade practices, such as the forced disclosure of intellectual property.
Is anyone supposed to take this seriously after the first one was revealed to be a stock manipulation scheme? Or maybe the first one was to desensitize us to it so we ignore the second one.
Let's assume the cheapest iPhone 16 Pro or iPhone 17 Pro becomes $1999.
What will that do to the used or trade-in prices of iPhone 16 Pro when people want to trade them in a few months from now?
Of course, I don't want a repeat of what happened to used car prices during the height of COVID... having said that... due to that unfortunate event, I bought the car that I was leasing at the end of a 39-month lease. The reason was that I was able to sell the car to CarMax and made a small $21000 profit.(after paying BMW Financial the lease buyout price)
What will that do to the used or trade-in prices of iPhone 16 Pro when people want to trade them in a few months from now?
Of course, I don't want a repeat of what happened to used car prices during the height of COVID... having said that... due to that unfortunate event, I bought the car that I was leasing at the end of a 39-month lease. The reason was that I was able to sell the car to CarMax and made a small $21000 profit.(after paying BMW Financial the lease buyout price)
Thank you for stating this. While everyone is busy bashing administration, maybe they’ll realize that THIS is the actual issue.
Ha! Trump doesn't care about the environment, only money. I sure hope those that voted him in are realizing what a mistake this was. More pain on the way...
Taiwan has laws that state that TSMC can not manufacture the latest tech outside of Taiwan. The US plant is two generations behind because of that.
Bottom line.... maybe someday we could (should is whole other question) move all the manufacturing of the parts to the US but it's complicated -- very. Trump doesn't do complicated. If it can't be boiled down to a slogan and rash action he can't handle it.
Did the brain worm migrate from RFK to DJT? Or did it just divide and spread?
Guess the left should’ve ponied up a better candidate than the laughing, loser, hyena from California. Maybe Trump wasn’t a great candidate, but he as far better than the alternative choice. The fact that Harris still lost by a wide margin, even with NY and California’s population on her side speaks volumes of how bad she was. Perhaps next time, run a candidate that does something other than check boxes for the wrong reasons.
Those "on-cloud" AI chips used by OpenAI and competitors don't need to cross US borders and be subject to tariffs.
I’m not about to defend Harris, but she only lost by 2.3 million votes out of 150 million+. That’s not a “wide margin.” Plus, she became the Democrat candidate in July, giving her just a few months even to build a campaign. The fact that she still only barely lost is far more a sign of Trump’s weakness and lack of a mandate than anything.
Hahahaha. Hilarious. Vote for people that want to make the government bigger again?
Vote for people that think women’s sports should be destroyed? Or people that want to pack spending bills with “pork”?
Get real and don’t vote ever again.
You need to check your math. It is well known that Frump won by the smallest margin EVER!
“Actually, that was Confucius. Quotes are often misattributed, especially on the Internet.”
— Winston Churchill, probably.
Yes, that’s why I said even with NY and California in her favor. The wide margin part was the electoral college and swing state differences. She was a garbage candidate that wasn’t even qualified for her Senate seat, yet alone the presidency.
They should’ve pushed Dementia Joe out about a year before they did, and ran a more moderate candidate if they wanted to win.
Chairman Trump has passed 192 edicts that weaken your democracy. Aided and abetted by Congress!
Things are looking quite fascistic from this side of the pond in the uk.
Good luck America
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The election was over by 9pm. Wasn’t even close. All the swing states voted against Harris. She was a terrible candidate. Trump wasn’t my favorite (Desantis was), but still, Harris was a terrible choice.
We don’t have a Democracy in the US.
Your country has a “royal family” and had to combine about billion countries together to even by relevant on the world stage.
Not much room to talk.
Chips used to be made in the USA. Motorola, Intel, IBM, TI and others all made their chips in the USA.
Part of the problem was that the cost to build clean room foundries in the USA was higher and it took longer to build them. There were also environmental obstacles put in place that other countries didn’t have. So naturally factories moved to locations where it was easier to operate and advance.
Part of the problem was that the cost to build clean room foundries in the USA was higher and it took longer to build them. There were also environmental obstacles put in place that other countries didn’t have. So naturally factories moved to locations where it was easier to operate and advance.
Agree with you but this community will scorch you for not supporting AAPL. Have to have a a bunch of shareholders or people who really love Apple or Tim Crook.
Ah well, I was planning on not buying anything much for the next year anyway, since I've been overspending on tech, cameras, mechanical keyboards, and fountain pens. Hopefully the current administration will all be in jail for contempt of court, and we can go on with our lives.