Economics Thread
- Thread starter sturg33
- Start date
Trumps relationship with India is going to be a game changer
Oh shit - I forgot that they got a worse deal so far than China.
sturg33
I
I don't believe it was founded in China, no.
But they aren't where they are today without China.
Tim Apple made a phone call. Trump gave him what he wanted
I do think part of this “cave” was big tech pushing their influence.
I’m not thrilled about it.
But let’s stop the idea that apple would be a tremendous company without the ccp. They’ll be manufacturing elsewhere 5-10 years from now.
sturg33
I
Wise moves by you
chop2chip
Well-known member
Sucks many of those expired yesterday
Wonder what a 'normal' day looks like for Apple positions.
Last edited:
chop2chip
Well-known member
There were lots of reasons reasonable investors would ahve been bullish on the stocks growth for the next few weeks (some you noted yourself).
To take the leap of insider trading (which I'm sure happened to some level as does with Congress all the time) is well a bit too early.
To take the leap of insider trading (which I'm sure happened to some level as does with Congress all the time) is well a bit too early.
It’d be a bit easier to give them the benefit of the doubt if the President hadn’t participated in a crypto rug pull scheme right before his inauguration or if we didn’t see similar movement in advance of each announcement.
But I thought they tweeted out they were looking out for Main Street now.
acesfull86
Well-known member
acesfull86
Well-known member
https://www.wsj.com/opinion/on-tariffs-its-good-to-be-tim-cook-5b8f05ad?mod=opinion_lead_pos1
The Trump exemptions carry several lessons that vindicate tariff critics. One is a rebuttal of the fantasy pitched by Commerce Secretary Howard Lutnick to CBS News that an “army of millions and millions of human beings screwing in little, little screws to make iPhones, that kind of thing is going to come to America” and be automated.
Guess not. As CEOs and these columns have argued, there aren’t nearly enough American workers who could do that work. And even if there were, most of the economic value-added doesn’t come from final-stage assembly. It comes from design and higher-end component supply. It is no credit to the Trump Administration to have a Commerce secretary who knows so little about modern commerce.
The exemptions also expose the fiction that foreign exporters pay the bulk of tariff costs. If that were true, China would absorb the cost and U.S. consumers wouldn’t pay more. No exemptions would be needed. Mr. Trump wants the exemptions to avoid the political blame for rising prices on high-profile products.
This is also a tacit admission that tariffs will make American companies less globally competitive, especially in the artificial intelligence race. That explains the exemptions for ASML’s chip-making equipment and Nvidia’s graphic processing units. Mr. Trump first makes U.S. companies less competitive, then he and his Administration, in their unerring wisdom, pick exceptions worthy of help to remain competitive. Politicians, not success in the marketplace, pick business winners and losers.
The exemptions also undermine the Administration’s legal justification that his tariffs are needed to meet a national “emergency.” Imports of glassware and umbrellas from China are an emergency but imports of electronics aren’t? What are the Chamber of Commerce and other business groups waiting for to sue to block this presidential overreach?
All of this exposes the arbitrary political nature of tariffs. Some industries benefit but others don’t. Too bad if you make shoes, or clothing, or thousands of other consumer products that must pay the tariffs but lack the political or market clout to win exemptions. Too bad, too, if you’re a small manufacturer that relies on a component from China but can’t afford a high-priced K Street lobbyist.
Welcome to the new tariff economy, where you still pay onerous taxes, endure punishing regulation, and now must also navigate the political minefield of arbitrary tariffs.
---------
^ Yes to all this
The Trump exemptions carry several lessons that vindicate tariff critics. One is a rebuttal of the fantasy pitched by Commerce Secretary Howard Lutnick to CBS News that an “army of millions and millions of human beings screwing in little, little screws to make iPhones, that kind of thing is going to come to America” and be automated.
Guess not. As CEOs and these columns have argued, there aren’t nearly enough American workers who could do that work. And even if there were, most of the economic value-added doesn’t come from final-stage assembly. It comes from design and higher-end component supply. It is no credit to the Trump Administration to have a Commerce secretary who knows so little about modern commerce.
The exemptions also expose the fiction that foreign exporters pay the bulk of tariff costs. If that were true, China would absorb the cost and U.S. consumers wouldn’t pay more. No exemptions would be needed. Mr. Trump wants the exemptions to avoid the political blame for rising prices on high-profile products.
This is also a tacit admission that tariffs will make American companies less globally competitive, especially in the artificial intelligence race. That explains the exemptions for ASML’s chip-making equipment and Nvidia’s graphic processing units. Mr. Trump first makes U.S. companies less competitive, then he and his Administration, in their unerring wisdom, pick exceptions worthy of help to remain competitive. Politicians, not success in the marketplace, pick business winners and losers.
The exemptions also undermine the Administration’s legal justification that his tariffs are needed to meet a national “emergency.” Imports of glassware and umbrellas from China are an emergency but imports of electronics aren’t? What are the Chamber of Commerce and other business groups waiting for to sue to block this presidential overreach?
All of this exposes the arbitrary political nature of tariffs. Some industries benefit but others don’t. Too bad if you make shoes, or clothing, or thousands of other consumer products that must pay the tariffs but lack the political or market clout to win exemptions. Too bad, too, if you’re a small manufacturer that relies on a component from China but can’t afford a high-priced K Street lobbyist.
Welcome to the new tariff economy, where you still pay onerous taxes, endure punishing regulation, and now must also navigate the political minefield of arbitrary tariffs.
---------
^ Yes to all this