Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Nov 26, 2018.

  1. MacRumors macrumors bot

    MacRumors

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    In an interview with The Wall Street Journal, U.S. President Donald Trump suggested he might implement a 10 percent tariff on iPhones and laptops imported from China.

    Trump is set to meet with Chinese leader Xi Jinping later this week, and he said he is prepared to implement additional tariffs on products that are not currently subjected to tariffs should negotiations not go well.

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    Starting in January, the U.S. is set to increase tariffs on $200 billion in imports from China to 25 percent from 10 percent, which Xi Jinping is hoping to delay with the upcoming meeting. According to Trump, it's "unlikely" he will hold off on implementing the upcoming increase.

    Apple devices are currently exempt from tariffs, though there were worries that the Apple Watch and AirPods would be included in the most recently released tariff list. Trump ended up exempting a product category that includes the Apple Watch, AirPods, and other smart watches and fitness products.

    Apple has previously sent letters to the Trump administration urging it not to apply tariffs that would affect Apple products, instead urging the government find "other, more effective" solutions. Apple said implementing the tariffs would lead to lower U.S. growth and competitiveness, along with higher prices for U.S. consumers.

    Back in July, Apple CEO Tim Cook commented on the tariffs, saying that Apple was "optimistic" the issue would be sorted out, with the company ultimately hoping "calm heads prevail."

    Apple's stock has dropped in after hours trading following Trump's remarks.

    Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

    Article Link: Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China
     
  2. mozumder, Nov 26, 2018
    Last edited: Nov 26, 2018

    mozumder macrumors 6502a

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    Trump's steel tariffs is why GM just laid off everyone.

    Congratulations Trump voters, you played yourself.

    The US economy is a globalist one that seeks open borders and free trade. The quicker you understand that, the better off you will be in this country.

    Apple is doing exactly that by designing products by brilliant engineers in Silicon Valley, while having them built by cheaper, lower educated people in China.

    If a person in China can build something for cheaper than in America, LET THEM - that is economic efficiency. An efficient economy will always win over an corrupt, inefficient one. Americans should only do jobs that only Americans can do, like high-end services jobs. Our economy is based on massive higher-education - the best in the world. No other country has a university system like ours, and we should take advantage of that.

    We don't want Americans to perform manual labor that oxen can do. We only want engineers and scientists and artist - people that can create value with their minds.

    New York, Silicon Valley and Hollywood are good examples of the kind of economy the US should be going forward.

    A good example of complete economic failure is Russia - their economy is entirely based on selling things they find on the ground. When was the last time anyone bought something designed/made in Russia?
     
  3. macduke, Nov 26, 2018
    Last edited: Nov 27, 2018

    macduke macrumors G4

    macduke

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    That sound you hear? That's the sound of shareholders running for the hills. Yikes!

    I've been wondering if this is the real reason why Apple has been raising prices like crazy lately. They knew this was a possibility.

    -- EDIT

    I just re-read this article a day later. Does Trump honestly even know what a tariff is? Serious question. Trump's quote for context:

    The point of a tariff is to put pressure on China to get a better trade deal, or to move manufacturing of these devices back to the U.S. A tariff would presumably make it less likely for people to buy phones and laptops that are made in China because the company importing them would have to pay the tariff and therefore raise rates.

    However, if Trump thinks that "people could stand a 10% tariff very easily", then what's the point of said tariff if it won't accomplish either of the goals of a tariff? His statement says that people are going to keep buying phones and laptops regardless because they can "stand it", so essentially what Trump is doing is making it more expensive for American citizens and businesses to buy these crucial items that they need for personal and work reasons for no reason whatsoever.

    Sure, I suppose the government will make some revenue from it, but that is not usually the goal of a tariff as a tariff usually drives down demand over time. By putting a 10% tariff on these goods, he is basically just taxing the American people for the most crucial item they use in their everyday life. It's fine if that's what they want to do, but they should just call it what it is and stop trying to be sneaky about it. It's almost like taxing water or food—just because it's more expensive doesn't mean people will stop buying it. They'll just stop buying other things and slow down the economy.
     
  4. oghowie macrumors 6502a

    oghowie

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    Explains why Apple has been weak for the last week. I'm sure he leaked this to his friends.
     
  5. rillrill macrumors 6502a

    rillrill

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  6. Dormammu macrumors 65816

    Dormammu

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    Are they tired of winning yet?
     
  7. martyjmclean macrumors 6502

    martyjmclean

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  8. BB8 macrumors regular

    BB8

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    Tim Cook needs to put his money where his mouth is and aggressively donate to Democrats in the next election.
     
  9. twocents macrumors regular

    twocents

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    #9
    If the prices increases across the board in 2018 are any indication, I have no plans to buy replacements for my MBP '18 or XS Max for the foreseeable future. With or without the costs of the trade war
     
  10. mw360 macrumors 65832

    mw360

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    Paying an extra 20% for your new phone is a great way to own the libs.
     
  11. ramallite macrumors regular

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    Exactly right. This guy knows nothing about (and is unwilling to be educated about) international trade and the economy. He'll just utter whatever mindless drivel enters his head during an interview and expect to be taken seriously, while real economists can only shake their heads or laugh out loud. In the meantime, it is not surprising that his voters will continue to buy into this rubbish, because I guess it is quite difficult to publicly embarrass yourself to admit that you've been conned. Bigly.
     
  12. AngerDanger macrumors 601

    AngerDanger

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    Whew, I was sort of worrying Apple's prices were getting too low…
     
  13. deeddawg macrumors 604

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  14. Solomani, Nov 26, 2018
    Last edited: Nov 26, 2018

    Solomani macrumors 68040

    Solomani

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    #14
    If it's Tim Cook's own personal money, he is free to do with his money however he wants.

    But if it's Apple's cash hoard, it's not Tim's Money. It belongs to the company and its investors and shareholders. Like me. I prefer that money stays apolitical.
     
  15. dannyyankou macrumors G3

    dannyyankou

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    #15
    And he blamed it on the Chevy Cruze not selling well. Lol.
     
  16. Rogifan macrumors Core

    Rogifan

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    And this is a big reason the stock is down recently.
     
  17. BoxerGT2.5 macrumors 68000

    BoxerGT2.5

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  18. c0ppo macrumors 65816

    c0ppo

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    You really have to be naive to think iPhone prices will increase by 10%. If this tariff happens, Tim Cook will increase prices by at least 20%. Even more for the rest of the world, even though these tariffs don't affect rest of the world. By why would TC waste a chance for more money grab if he sees one?
     
  19. ericgtr12 macrumors 65816

    ericgtr12

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    It's amazing to hear Republicans who used to blame Obama for not creating jobs fast enough now speaking so highly of laying American workers off, farmers losing their crops and the steel industry taking such a big hit... just so we can to stick it to China. The American worker Conservatives once valued has become a pawn in Trump's game and they're all going along.
     
  20. cardfan macrumors 68000

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    Don’t like seeing him pick and choose different products. Make it 20 percent for all products built in China.
     
  21. Art Mark macrumors regular

    Art Mark

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    Wouldn't just about every consumer product see an increase? Dell, HP...Amazon echo. They aren't being put together here. I think Amazon would be hit the hardest as they sell at a loss already. Or are all other companies exempt from tariffs?
     
  22. Glideslope macrumors 603

    Glideslope

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    #23
    You know, I was very surprised he did not blame Mary Barra. Given his abusive language toward women. If the Big Red Doughboy puts tariffs on Apple's devices I'll bet Tim stops his dinner meetings with Donnie. Tariffs are bad business. He could care less about the 14,000 people without a job. Just keep harping on low gas prices so Americans keep buying big SUV's. Oil drops below $55 a barrel and the US Frackers close up shop(not that I don't like that.) Americans never remember history. I'm so glad I have no grandchildren. This country is becoming unrecoverable. :apple:
     
  23. Art Mark macrumors regular

    Art Mark

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    And it's not clear exactly how bad this sticks it to China as other countries have already stepped up with agricultural sales. We have soybeans in storage starting to go bad. But yeah, people are (I was going to say dumb) but that wouldn't be nice. Some people are intellectually challenged. The world is a little too complicated. That's why they like coal.
     
  24. glitch44 macrumors 65816

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    #25
    Your avatar is Trump and your location is set in Canada but you're weighing in on US politics for a US company. So much cognitive dissonance.

    In any case, the Citizens United SCOTUS ruling means corporations can financially participate in political campaigns, so why wouldn't Apple donate to one more aligned with their political values and goals, especially when tariffs hurt their bottom line?
     

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660 November 26, 2018