The truly amazing thing is that every new tweet of the serial liar is taken seriously again. People seem to be unable to just ignore Trump.
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Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China
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Western labour prices cannot compete with Chinese communist labour prices. Therefore, tariffs must be applied. A free, open market cannot compete with a slave market.
Knowing Apple, they will just increase their prices in the US to cover the extra tariff, and then increase the prices elsewhere in line with that in countries that don't have any tariffs. If the iPhone XS is increased to $1099, then I guarantee the UK price will increase to £1099 as well.
The ridiculous price increases that happened to the mbp in 2016 made me have zero plans to buy a new mbp. My late 2011 15" mbp was £1550. The 2018 15" mbp with just a 512GB hard drive is £2700. NOPE.
Has anyone uttered, “If Steve were alive...” yet?
GM announced the factory closures due to Americans not interested in sedans. Ford announced they would stop making sedans in North America about half a year ago.
As much as I hate to defend Trump, the main driving force behind GM doubling down on bigger vehicles and EVs has more to do with profitability than anything Trump has done/fumbled. U.S manufacturers have never been all that great at making smaller cars while smaller cars have been the bread and butter of their Japanese and European competitors. It's not about small cars not selling well, it's about GM not being all that great at making them and sales reflecting this reality.
In management slang what GM is doing is focusing on their "core competencies" and it's something Ford announced they were doing months ago. The plain english translation of this is that they're focusing on what you're actually good at.
As for China, they've always had some incredibly aggressive protectionist policies in place and continued with them even after they started opening up to the world under Deng Xiaoping. One of the best examples was how until recently if you wanted to set up manufacturing operations in the country you had to have an equal share partnership with a local company. Not only that, the foreign company had to perform pretty extensive technology transfer to this local partner company as part of setting up your Chinese operations.
Particularly in the early days this mean that some pretty dingy Chinese companies got a lot of technology and a good size chunk of manufacturing operations paid for almost completely by foreign companies. Not only did this help Chinese companies build up their manufacturing expertise, it also gave them access to huge amounts of western technology practically for free.
While Trump obviously isn't familiar with the specifics like this, he's not wrong about how China exploited western companies short term greed trough unfair trade policies to build up an asian superpower that realized the vast population and landmass of the country.
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Just wanted to clarify that no, this is not nor will it be the reasons for that. GM's exorbitant spending on flops is why they are doing lay-offs. They're currently restructuring vehicles that nobody wants in order to produce vehicles people will want as well as doing R&E on electric and autonomous platforms. Same with Ford and FCA. For the last 3-4 years they've been freely spending towards new construction on unprofitable products and it's been biting them in the butt because people aren't interested in small tiny vehicles anymore they want the bigger ones.
Apple does not lose anything they make there money and some by injecting the price to every single apple product, what you see on sale at apple is because it has been refurbished or returned.
Is that the same reason why Ford stop making some of their cars too? It's amazing how fast this company lost money and they just got bailed out before.
Can we stop pretending that the guy who went bankrupt 7 times is going to somehow fix our trade issues? He needs to be removed from office.
You've been fed a bunch of Faux News Breitbart bull about this "taking advantage" crap. The same goes for the USMCA. Yes, a 23 year old trade agreement was long overdue for some updating, but if you think the USMCA is all sunshine and roses, you've been hoodwinked.
Welcome to the post-WWII global economy. Take some classes or just read some books on international political economy.
Oh, right, education is just a form of "liberal indoctrination."
There are effective ways to posture and negotiate with other global powers (that's what we adults call it--not "bluffing" when the stakes are this high). Acting like a bull in a China shop (pun slightly intended) is not among them.
I was willing to give the guy the benefit of the doubt that all his nonsense might be part of some higher strategy. But after 2+ years, that's pretty clearly been debunked. He's just an idiot and a petulant child.
You people...
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All the other companies try to design bland cars that the ordinary public will buy. Most restaurants serve plain, easy on the palate food rather than aim to please the 5%. This is the same. GM and Toyota want to design a car once, and have it sell millions. Tesla is happy selling thousands.
In fairness, Dems do counter-productive stuff too for the same reason. There's a bunch of ends-justify-the-means garbage on both sides.
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You talk about "Hollywood" as if it's some monolithic corrupt entity. That indicates you're completely missing what's actually going on. This is what economists and social scientists generally call "selection bias" combined with the "base rate fallacy." (Go look those terms up if you don't know what they mean.)
In any group (including just a random selection from the population), there will be bad apples. People in Hollywood are already famous, or at least tied to other famous people. Therefore, when the bad apples get uncovered in Hollywood, you're much more likely to hear about them.
Is the percentage of "bad people" in Hollywood worse than the general population? That's impossible to know for sure, but I'd speculate the answer is no—at least as it relates to what I know you mean when you say "ethics" and "morals." There's no reason why it would be.
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It is not something that applies to campaign finance laws. Corporate PACs are a thing and do give politically, but the funds from them are made from employee giving and not from the corporate treasury.
Corporations, foreign nationals, labor unions and government contractors are all prohibited from making federal political contributions.
[yawn]
We're dealing with someone who thinks you can simply rake and clean forest floors to prevent forest fires.
We're dealing with someone who thinks you can simply rake and clean forest floors to prevent forest fires.
If you don't like what the company is doing or direction it is heading, sell the stock. It's how it works, political or apolitical.
Personally, as a shareholder, I'd support the BOD if they move in that direction.
10% on what, the $1000 sale price or the $300 manufactured price? Either way, it probably wont convince Apple to manufacture in the US, it will just make us consumers pay that extra 10% with an increased sale price. As if the iPhones weren't expensive enough... Bring back the SE!
