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Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China
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So china must buy US products that will not sell in their market to level US import? Trump is insane, he has been warned by top economists and he thinks he knows it better than the experience. Tariff is only going to hurt the consumers and the farmers.
Knowing trump he’ll go in with hatred and come back with love for the Chinese dictators power and strength and respects China. All these guys have the pee tape of him and are blackmailing him one by one. It also seems unreal that he doesn’t understand that that tariff is not applied to the maker but to USA consumers and no one else. He’s asking consumers to give the government money for every phone purchased by you the normal guy in the street. Absolutely mental to suggest it will in anyway affect China or their bottom line. It just doesn’t affect them at all. Meanwhile GM and other makers are closing factories and culling jobs directly because of tariffs put on US businesses.
This minute, I canceled my american shareholding market and so withdrew my money from America back to Europe. You can thank 45 for that.
Update: Bought all Apple shares back. I have now made it my maxim that 45 will never be able to influence my actions in any way. Let him continue to stomp in his circus. It is not mine, he has zero relevance.
Europe hopes that America will soon have a wise leader again who will lead the country back to strength.
Update: Bought all Apple shares back. I have now made it my maxim that 45 will never be able to influence my actions in any way. Let him continue to stomp in his circus. It is not mine, he has zero relevance.
Europe hopes that America will soon have a wise leader again who will lead the country back to strength.
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Oh, she was correct, the deplorable lot were and are deplorable, more at the 0.1% level.
It was just a statement for her not to say. Maybe after winning the election.
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You have know the history. Since Independence in 1947, India kept foreign goods out, especially the ones that help agriculture and industrial production. Then, they tariffed the consumer goods, like motorcycles, moped, small cars to keep them away, while not offering enough local alternative products. Then after 1990, they opened the market - build or assemble the motorcycles and cars, heavy trucks, etc., here and you can sell for near zero tariff. This also included building materials.
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Who will bell the electoral cat/collage!
Apple should be the first tariffs, after all I keep hearing on here that Apple customers are not price sensitive and can easily afford any increases.
Think of it as a tax on the rich.
Like the ones who brought us the butterfly keyboard?
This design was crafted/engineered with the sole purpose of making the laptop thinner. Maybe the engineers had a gun to their head to make it ... or else.
And we suffer - not me yet, 2015 MBP 15".
Reagan trickled down - nothing reached the people. Only the ultra rich got the breaks and kept it, just like they did with Drumpf tax cuts.
Clinton took over a brittle and poor economy from Bush, implemented acts to balance the budget, was given the line item veto which he used 82 times (and the US Supreme Court took it away), changed the deficit into a budget surplus, and left office with the nation in solid footing.
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That is false."It is the Economy, Stupid" defeated Bush fresh from a war "Victory", the economy was down. Clinton did a great job to pull it up to surplus.
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I'm sure Apple can bring back some manufacturing back to the US if they want to. Foxconn is already making a plant in the US. Apple can work together with foxconn. If labor cost is expensive, it's not news that Chinese companies love to bring their own workforce en-mass from China.
Apple already faces many manufacturing challenges (India, Indonesia, are at least 2 countries that have regulations that made foreign imports of smartphones more difficult. Apple started manufacturing iPhone SE in India, and invested R&D in Indonesia. Apple should think globally, and look at the US as another market where they have to strategize similar things.
Apple already faces many manufacturing challenges (India, Indonesia, are at least 2 countries that have regulations that made foreign imports of smartphones more difficult. Apple started manufacturing iPhone SE in India, and invested R&D in Indonesia. Apple should think globally, and look at the US as another market where they have to strategize similar things.
The things that are happening are "not happening", it is all fake, etc., we've heard it all.
USA will suffer more than China because China will not mind letting the Chinese people suffer a longer period over politics.
These protectionist policies will in the end turn out to be an own goal for the U.S. The reason for trying to keep the likes of Hauwei out of the U.S. has nothing to do with a perceived security threat.
It has everything to do with the likes of companies like Apple who fear Hauwei will clean up in their home market with their mid to high end phones (which are really rather good) at a much better price point.
It has everything to do with the likes of companies like Apple who fear Hauwei will clean up in their home market with their mid to high end phones (which are really rather good) at a much better price point.
Except Western Europe, Canada, Britain, etc.
No the negotiations were completed to bail the auto AND the Banking industry long before the Obama administration took over. His administration paid the third installment of the Bush promised funds to the corporations.
While I'm not a Trump fan, you're entirely wrong about the tariffs and this viewpoint is very naive and priviledged. Not every American is a college educated engineer or a well-payed inventor or artist. All open borders and (one-sided) free trade does is undermine our national interests, and undermine American workers, all so that the richest of the rich who run multinationals can profit a little bit more by utilizing cheap(er) labor in different countries. Also if America does not have an industrial manufacturing base at all, if conflict were to ever break out we would not be able to output enough steal to produce and replenish the ships and tanks we would need. The steel tarrifs seek to somewhat reverse the erosion of the American manfacturing base, because having a moderately capable domestic steel industry can be seen as a matter of national security.
The tariffs against China, however, seek to punish China for their unfair economic practices, currency manipulation, and theft of American technology. Mutual free trade is good for us, but our trade with China is not mutual. Chinese manufacturers are allowed to flood our domestic markets with cheap crap, pushing our local businesses and manufacturers out of business (because they can't compete with people in a country where sweat shops and river dumping is common), while meanwhile an American can't even open an icecream stand in Beijing. It is not a fair relationship at all.
And none of that touches on the theft of American intellectual property and technology by China. Any American business that wants access to the Chinese market has to form a joint venture, 49% American 51% Chinese, and essentially give up all of their intellectual property. And that's just one of the many ways they're trying to do it, which also includes traditional espionage, buying secrets, blackmail, and hostile takeovers. The Chinese government has been making a concentrated effort to acquire American technology, because China's number one goal is to try to surpass the west by any means neccessary.
China is engaged in a cold war with us, and we have a lot of people like you who don't even realize it.
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Sorry, but I think you forget that strong economy doesn't necessarily equal to wealthy citizens. You are claiming that Europe is "broke" while the US economy is booming but where does all that money end up? Just because a tiny fraction of people collect huge sums of money, thus driving the US economy, it doesn't mean that the majority of the population is wealthy or even wealthier than "poor" Europeans.
First of all, the average wages in the US are not that impressive. It's true that when we take into account the actual disposable income (a metric that usually favors the US due to lower taxes) compared to Europe's the situation is better. But then, we forget all the VERY high additional costs that Americans are subjected to due to the absence of benefits. In Europe, the disposable income might not always be impressive but at least the majority of the population is guaranteed a good quality of life for them and their families.
As for Trump, there is nothing inherently wrong which tax benefits and bringing investments back to a country as long as this is done with a plan that benefits everyone. Same for import taxes although it goes against capitalism and the interests of large companies since they are completely devoid of any sense of "patriotism".
Having said that, having a grudge against a single country and imposing restrictions for it alone, doesn't really solve anything. US companies will probably try every single option they have before bringing manufacturing to the US due to the much much higher costs.
" Lower educated people in China" what an insult. You are obviously not aware that most of the people assembling these phones are more educated than most Americans and have Graduate degrees.
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I would assume the 20 percent would be applied to the cost of making the phone and not the price of selling it. Since Apple probably makes 300 percent on the phone the price reflected in the sale price should be small. Not that i think this is a great idea.
If you really believe that the Chinese people that assemble those phones are "lower educated" than your "brilliant" engineers, then I think you seriously need to adjust your world view and attitude.
Most of those brilliant engineers are actually 'imported' from foreign countries that have education systems that are superior to the one the US has to offer (and that only a few can actually afford to use in the first place).
Also, you should know that in China it is MANDATORY for students to work in those factories for a while. That's where a lot of that cheap labor actually comes from.
You defended Hollywood with that rant ?? Though it’s all okay, after all those acquisitions you finished it off with we ALL have to be nice to each other . Passive aggressive - tick ✔️. My advice, live by what you preach.
How about we not take the high ground eh? Live by the words we preach..... though thanks for your position on the church.... came across completely rationale and non biased ...... and I’m not even catholic .
Are being satirical or do you honestly believe that? Yeah, you have the MIT and a fistful of other elite universities where only rich people can afford to study. Hint: Just because it's super expensive to obtain education in the US does not make it a good system. But it definitely means that it's a far cry away from being "the best".
It's gratifying to see how deeply liberal economics has embedded itself in our european allies' worldview. It's gotten to the point where they are incapable of seeing past our conditioning, which means our efforts have been totally successful.
A deal that is much better for us, you say? That’s subjective, NAFTA 2.0 accomplished a move away from free trade and toward managed trade. That’s exactly opposite of what we should be doing.