Why would Apple raise prices because of the "possibility" of tariffs? Makes zero sense.
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Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China
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Why would Apple raise prices because of the "possibility" of tariffs? Makes zero sense.
Wait wait wait? Your blaming this administration for GMs lack of new car sales? Boy, get ready to be fact schooled.
It’s not steel, it’s lack of sales. The industry has shifted towards used vehicles and keeping cars longer. Keeping my car longer and refusing to take the average 30% walk off the lot depreciation is the reasoning behind this. They’ve been decreasing sales for well over a year now, and tariffs have been discussed since well before Trump was elected.
Here’s a mid 2017 article about sales:
http://www.autonews.com/article/20170801/RETAIL01/170809959/gm-july-sales?X-IgnoreUserAgent=1
Here’s when some steel tariffs started, 03/16, well before the election, and under Obama.
https://www.wsj.com/articles/u-s-imposes-266-duty-on-some-chinese-steel-imports-1456878180
And here’s what GM actually said is happening this week from below article:
“GM said the manufacturing actions are expected to significantly increase capacity utilization," as it responds to changing customer preferences and market-related volume decline in cars.
https://www.thestreet.com/investing/stocks/gm-report-shut-down-operations-in-oshawa-14790529
I’m the guy who like facts, show me the link to where GM states that steel prices are why it’s restructuring? Otherwise we’ll just chalk your comment up to fake news by means of injecting your opinions instead of factual events.
#EducateYourselfFoo (in my Mr T voice)
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Because people would pay them. iPhone X was over 1k and plenty upgraded from there
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GM sucks. So closes Ford. Let them close
What was GM's excuse for failing back in 2009 before Obama handed 49% of the company over to the UAW? Please...you have ZERO insight as to why they had their layoffs so stop acting like you do.
Great economy? The Bush years before Clinton took office saw some of the worst GDP growth in modern history, either flat or barely positive in his last two years. In addition, under Bush, a little under 3 million jobs were created. With Clinton, nearly 18 million.
Nostalgia sometimes clouds our memories of history a bit.
Trump still hasn't figured out that China isn't going to blink on tariffs? They already know that Mexico and Canada didn't have to agree to anything more than minor tweaks to NAFTA and a superficial change to the acronym being used.
People will be holding on tho their older iPhone for longer periods of time.I wonder if the latest price update to iPhones and all the other recently released stuff had already calculated and baked in a 10% prices increase because there pretty much was a 10% price increase prior to these new 10% tariffs which may kick in.
Actually, they will, because there's more pain in China due to the tariffs. The US is in a bubble. Read the papers etc in Asia and you'll see that China is trying to figure out how to move without seeming to do so in reaction to Trump.
What you read in the US and Europe is tainted by anti-Trump bias.
NOPE.
Apple's stuff is too expensive already, not selling at retail price anymore. You can even get a discount on the stuff they released three weeks back.
Apple will never manufacture here until the tariffs are above 25%.
- It was Bush who approved the bailout plan as part of TARP, not Obama.
- Obama did not "hand" any part of GM to anyone. UAW was the largest pre-petition creditor of GM, and as is the case with every Chapter 11 bankruptcy, creditors exchange their debt for equity.
- TARP saved 1.2 million jobs at GM, and added $15 billion to the U.S. Treasury
I did not see much of a discount for Black Friday or Cyber Monday from Apple. They pretty much want you to buy everything at close to full price. I don't think their sales numbers are going to be all that great from Friday until Monday these last 4 days. I went by two Apple stores these last few days. They had customers and were selling but I did not see anything out of the ordinary where people were lined up to buy.
To make the USA a center of consumer product manufacturing again, the German model.
You think China's leaders base policy on the pain of their population? Think again. That's how they've been in power for so many decades. Trump couldn't even apply much pressure to democratically controlled countries like Canada and Mexico.
Have you talked to a real Canadian lately? I’m up there often and buddy I’ll tell you... they hate their socialist healthcare. I personally know individuals who have waited upwards of 5 months for a basic doctors visit. If their system was so good, why do supplemental health insurance plans exist up there? So people who can afford private insurance can skip the lines. Why do they need private doctor clinics if the government system was so great?
Everything in this planet has a cost, NOTHING IS FREE. You know how Canada pays for its social healthcare? Ask a Canadian what their income tax is. It’s on average 40-55% of gross pay.
Same goes for education and the Cortez gal in NYC.. she’s refused over and over to explain how the heck she’s going to pay for her ideas.
Great ideas, but NOBODY WANTS TO PAY FOR IT.
Of course you don't have any plans to replace an '18 MBP or XS Max--they're top of the line, brand new products whose replacements won't be announced for almost a year. How is that a threat?
It was Reagan’s policies that influenced the economy in positive ways in the 90s not Clinton’s.
Wrong.
1. GM like all the other auto manufacturers in the US are seeing consumers shift to SUV, crossovers and pickups. Ford did it earlier and now GM is doing it. The plants which are closing are car plants and not SUV or pickup plants. The tariffs reduced GM profits by $1 billion - and that you can blame on Trump.
2. The US has a large diverse population and is not Switzerland. Not everyone can do engineering, design and sales. Manufacturing jobs builds wealth in the lower middle class. It is this skilled and semi-skilled work that pays a decent wage, not high wages, but decent to survive on. Manufacturing wealth is also more democratic where it spreads the wealth to more ancillary supporting industries. Silicon Valley and Hollywood concentrates too much wealth in the hands of too few. That is not to say they aren't needed, but on the contrary, this area still does what it needs, but iPhones, iPads and Macs are made by skilled workers in the USA.
3. Russia relies mostly on oil and gas, but they are still very talented people who, if they got a democratic government, could use their resources in production of high quality products. Don't forget that the Russians still produce space vehicles, stealth fighter jets, jet engines, nuclear submarines, missiles and aircraft carriers. The Russians have a large community of people who are very good at math and physics.
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People need to think about this a lot more than they do. Your last point is a hope, not a fact. There are other options. Very unpleasant options, but they are options.