Trump exempts phones, computers, chips from new tariffs
Trump exempts phones, computers, chips from new tariffs
Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make many of their products.
As a side note, can you imagine being an accountant and trying to keep track of the tariff declarations that are changing daily?
May as well install a roulette wheel
LetsGoGambling.mp4 playing
Magic 8 Balls are cheaper.
I'm pretty sure all the people who deal with imports have to be on the verge of a mental breakdown. What a nightmare. Policy made by a petty, stupid tyrant based on apparently nothing but vibes and changing as often as he shits his diaper is no way to run a country, but here we are.
A friend works for a hardscaping company - sidewalks, drainage, parking lots, etc. Every day she gets an email about price changes on equipment and materials. It's making her crazy!
Colleague of mine is responsible for implementing the tariffs in our quoting process, he had to spend his marriage anniversary day on this shit.
I once worked on a project to calculate tariffs on goods for an importer. It was a massive job with lots of edges cases. And that was under normal conditions.
My gut feel is that some, maybe even most of this can be worked in, but there is absolutely going to be shit going under the radar because it’s too hard, too confusing or out right contradictory.
I've exported computer parts before and you'd be surprised that the way to declare them is not: "gaming PC" or "Macbook air 13"" in the customs form but more like "Data processing machines" and if you were to ship a motherboard, it has to be declared as "Data Processing Machine Parts" or whatever it is, with a totally different code and classification, same thing for memory devices, for CPUs and even for storage devices.
So yeah, I have a feeling they won't even bother covering all the angles and just allow assembled computers, phones (since the US made iPhone is impossible at this point) and "chips" whatever they decide classifies as a chip.
When rules become too complex, everything becomes a negotiation, and subject to selective enforcement. That may be by design.
Yeah I do quoting for a manufacturer and it's fucking hell.
It's been hell since the start of February. Reporting from the front lines. I've got folks working 16 hour days right now to keep supply chains moving.
Basically, a lot of the important shit that the CEOs of companies who contributed to his campaign depend on. So, he is caving, but only for his big donors.
I hope China doesn't back down, though, and keep their counter-tariffs in place until all our dumb tariffs are taken away. Bullies only understand force.
Lol, if china implemented an exit tariff on USA for the items they want.
these electronics are literally made in china; it would be hard to image that they won't take some sort of action.
Guess Tim Apple's
inugration donationbribe paid off.Still a terrible person and CEO.
he is caving, but only for his big donors.
He's also caving for China -- at least, they still benefit greatly.
The solution to chaos is….more chaos
This sounds like a job for Professor Chaos!
I wonder if you can eat cellphones or inject computer chips instead of insulin...
What good is cheap(er) tech when you can't afford drugs and groceries?
Ah yes, I forgot... His tech bro backers are probably behind this.
Apples maybe.
An apple a day keeps the doctor away, so it’s solved.
That didn't originally mean Brave New World totalitarianism by distraction, it meant doing things the common people wanted and needed. Juvenal was an elitist and thought that the state should serve the ruling class and nobody else. So no relief from hunger, and no public ceremonies or events that the Great Unwashed could participate in.
Yuuuuuup! The excesses of a decaying society
Funny how these are sold on his store as official merch.
My feet hurt just from looking at that
Oh what's that? Couldn't find people to screw those tiny screws?
Cool, but the prices that were raised because of tariffs won't go down so quickly. It'll just go into the pocket of the corps.
Deflation is a four letter word to these people, and I have seen economic pundits excoriated for even mentioning the term.
The consumer won't regain what was lost without a fight.
Tim Cook has been suckingTrump off since the beginning. I hope they have losses.
Well, they can think of it as a PR stunt/lobbying that helped get this done.
Prices are still going up and companies are pocketing the difference with even more price gouging. Nobody seems to be stopping them either. Never mind the reciprocal tariffs that got added on top of everything else by other countries.
Watch scumbag tech still list tariffs as a source of cost increase
Dude was worried they would have his head when iPhones started costing $3k
So the multinationals are fine but small businesses are crushed. Make economy recede again!
Caving like a little bitch boy trying to wear big boy pants.
Such a big ole PANICAN.