Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
Trump plans 100% tariff on computer chips, unless companies build in US
It’s fucking tariff roulette again. And so it will be for the next 3.5 years. Stupid cunts. Remember to kick a republican in the nuts.
Next 3.5 years if we are lucky.
The last 6 months have been the longest decade of my life.
You won't ever need to vote again
Luck is also a component in how long Trump lives ; though he's not that old.
OK, I'll say it differently - luck is also a component in how long Putin lives, and that's likely less. When he dies, there's gonna be change. In USA too. In Russia - maybe not for the better immediately, but that will be a power transfer, which hasn't happened since 1999. Even if to someone of his daughters.
I don't subscribe to any of stupid theories of "Kremlin towers' balance", "businessmen vs patriots" and such, but the point stands, and the previous power transfer, from Yeltsin to Putin, despite them being the same faction, changed a lot and fast.
Which could mean some of the blackmail material leaking, or the direction of blackmail changing, or other ties being restructured. Which would pull the rug from many of Russia-aligned parties in the west, and it would be interesting to see whether Democrats or Republicans are affected more, in case of US, and whether local alt-right parties or the orderly centrists in EU are affected more. The common belief is that it's the latter in the US and the former in the EU, but I think we'll be surprised.
Now, Russia is small compared to other parties, but big enough to make waves in case of such an event.
*capitalist
they ALL do this. they just market it differently. profits are at record highs and have been for YEARS. while working class people suffer and die.
The truth is most human maladies are combination of environment and viruses. The two thing our current administration refuses to do anything about.
Unrelated, welcome to Lemmy.
Where are the Trump-Epstein files?
Can't have files if you don't have a computer to store them tips forehead
Release the Epstein files.
Every time somebody says this it always makes me think of the scientist from the expanse.
We should definitely release those files it would be really helpful.
"There was a button. I pushed it." Where's Holden when you need him?
Wouldn't this only affect goods manufactured in the USA? If a finished product containing chips from say, Europe, were to land on USA shores it would only have a 15% tariff right?
Why does trump hate American manufacturing?
It's a tax of 100% on chips being imported to the USA, having been manufactured elsewhere. The idea is that it should force companies to set up their own chip manufacturing in the USA. But that's expensive and slow to do, and requires a lot of specialized engineering talent, so US-based electronics companies will somehow have to survive through years of paying twice as much for the chips they build into their products. This will mean significant price increases for Americans buying electronics, as the unavoidable costs are passed on.
Huh? No, it's the opposite. You should really look up how tariffs work. They drive up prices for goods manufactured outside the US. Local goods are unaffected, giving them a competitive advantage.
So you're an AI right? Like no real person would believe this
What he means is, if I buy an iPhone built in China, this tariff won't affect the price I pay.
But if I buy a phone built in America, with an imported processer, this tariff will make that phone more expensive.
They increase demand for domestic goods and therefor raise the price of goods that were already more expensive than the imported goods.
I'm guessing the chip in the finished product would be taxed separately, otherwise it would be trivial to dodge the tariff (just package the chip in a different "finished product" and move it to a US-made product).
I’m guessing the chip in the finished product would be taxed separately, otherwise it would be trivial to dodge the tariff (just package the chip in a different “finished product” and move it to a US-made product).
You'd guess wrong. Welcome to the wonderful world of tariffs and import/export controls!
I wouldn't call it a trivial dodge because the act of building the tariffed good into another product takes time and resources at the origin side, then again at the destination side to undo the manufacturing steps. However, sometimes its worth it to a company. There are lots of examples of companies doing exactly this.
Ford Transit Connect cargo vans were made in Turkey. Ford wanted to import them to the USA. However, there was a tariff placed on vehicles for commercial use, so Ford installed cheap passengers seats in the back and imported them as passenger vehicles. As soon as the vehicles would arrive onshore in the USA, Ford would rip the cheap seats out, and sell them as commercial vehicles.
The existing tariffs somehow exclude chips or phones/computers with chips in them. This would be a separate category, like metals.
Narrator: He won’t
Conservatives are 100% onboard with a felon rapist pedo skyrocketing our cost of living while destroying our global reputation.
If anyone is still unsure if conservatives are traitors to our nation, now is the time to pinch yourself and wake up.
I wouldn’t call them traitors but they do embody everything else that makes a person horrible! If you’re a republican I seriously hope you get bad allergi s diarrhea and stuck in traffic at the same time, no sun if your car windows get stuck up too.
Traitors to the constitution, traitors to democracy, traitors to free and fair elections, traitors to the founding fathers, traitors to the people and even traitors to the union and the flag. What were you waiting for them to betray before you call them traitors?
he really is the dumbest motherfucker on the planet
What do you mean "likely pushing up cost of electronics". That is the literal point of a tariff, to push the prices up and make competing goods more appealing to consumers. The only way it doesnt raise prices is if importers just eat the cost, which they will almost certainly not do and, frankly, shouldn't do.
In the US the point of tarrifs is to tax the poor to pay for tax breaks for the rich.
Bingo, this is just a way of raising taxes on the poor without "raising taxes".
CPUs are so expensive, I guess I'll buy a good old US made abacus instead!
Damn, if only we had some bill that would increase manufacturing of chips domestically. It would be foolish to cancel such a bill while also creating a tariff. How will people favor domestic manufacturing without that manufacturing existing? Surely the president would never do that.
Now to figure out how to play Doom on it.
that's probably the one thing I'd buy purposely Chinese.
I’ll throw in the “well actually” here so no one gets wrapped around the axle — the true point of tariffs are to boost domestic business at the expense of weakening foreign sales. The scales tipped in favor of domestic businesses should be advantageous and arguably a good strategy in some circumstances …in a vacuum. That’s the “well actually” and it’s worth nothing in 2025 because all advantage is nullified if those domestic businesses lack the skill and resources to produce said goods. The industries currently targeted by tariffs are so huge and complex that domestic businesses stand zero chance (even with tariffs) in place to replicate the technology, supply chain, and workforce that would be able to stand competitively toe-to-toe with the global market.
So it’s entirely a tax on Americans by another name, and for zero gain.
Every American needs to be forced to learn the components of a supply and demand diagram.
In this case there are no competing domestic products though, or few enough as makes little difference. This is just taxation with extra steps.
Yes, I did mean in the ideal sense, there is a functional purpose for raising the prices of foreign goods IF there is a domestic alternative you wish to boost or expand. But the mechanism for the benefit, IF(big if) there is one, is the increase in price. Tariff (ideally) equals targetted price increases. Saying tariffs might raise prices is like saying stabbing you might wound you. I might have a good reason for wounding you, I might not, but the wounding will happen as a direct consequences of my stabbing you, regardless.
The important won't eat the costs because there's literally no reason for them to do that.
The tariffs don't actually upset shipping companies, they literally do not care. They continue to sell the product at exactly the same prices it always cost, once it arrives in a US port, that's the end of the transaction as far as they are concerned, since the tariffs apply after that, they are irrelevant.
Americans won‘t own anything and they‘ll be happy.
Tariffs will grow until morale improves
Oh boy, another distraction
Still about the Epstein list? Or is it now about the child abuse pastor?
Either way, Trump is a pedophile who is close friends with several other pedophiles. That's the important part.
anything to not discuss the epstein files, it seems like the effectiveness of tariffs isnt have as much effect as distraction as it should.
'muricans are already getting their Brazilian coffee tariffed, which should make lower quality distractions work better
From the bleachers, we watch the Trump shitshow daily. The topic of the show is: "What can Donald Trump still do today to appear even dumber than the day before?"
And he is not disappointing. What's next? Tariffs for interstate trading? One must admit, this would be a really dumb idea, but it is not outside Trumps grasp.
Looks like we just found our new interstate secretary! Tell us more about these tariffs against California.
Fuck, I'm going to have to go back to doing math in my head again, aren't I?
Get an abacus before tariffs catch up with them too
It's not that bad, you go to Youtube & look up your local Indian mathematician
But do it quick while the country can still afford the internet
I still have a Texas instrument scientific calculator. I have never found a calculator app that I like better.
Put of course I was actually allowed to bring it into an exam which would definitely not possible with a phone.
The best calculator app is the interpreter for the j programming language
Just get a slide rule off ebay
In lighter news he’s 78 with congestive heart failure, obvious mental decline, incontinence and obesity
Yea, but he's also aware of his limited time left. Hence he's rushing this. Fuck him
A bit of chip history: Taiwan Semiconductor (the current pseudo-monoply in cutting edge processor making) rose as Taiwan the country transitioned from a dictatorship to democracy.
They got state funding, and support for thier business as trade opened up. To simplify, it was like a mix of hyper free-trade capitalism and technocratic command economy/socialism no one on either end of political spectrum would like. And it worked! It's still working.
The CHIPS act in the US was a baby step in that direction, which (even with Intel's incredible corporate dysfunction) got me excited.
...And that is basically the opposite of what Trump is proposing.
Basically, take away Intel/Micron/IBM subsidies and tax the shit out of their existing overseas business. And deregulate them instead of directing them.
In other words, drain their capital, and give them free reign to think short term as their manufacturing circles the drain.
To be fair to Trump, most business people do not grasp how indescribably capital/research intense processor manufacturing is. Investment is in the many billions, planning takes decades and is extremely technical, and dependent on economic and research forecasts. They have to be forced to think long term, given truckloads of cash to do it, and not get derailed by quarterly earnings targets and cutting long-term projects on the vine for quick cash.
But still... this is like the worst thing he could have done, IMO.
CHIPS Act. Yet another major Biden win that gets overlooked in favor of shitting on him.
Biden did a lot of great stuff but the USA would rather live in a reality TV show from hell while marching towards authoritarianism apparently. Oh wait, they don't understand any of that shit because half of them can't fucking read.
Yes, we all know the most successful economic endeavors are funded by taxpayers. Then leeches come in to steal the profits from the public and useful idiots are all-to-proud to support them.
Just look at how Iceland has the cheapest electricity on the planet; it's because they built their infrastructure using public money without an incentive to maximize profit.
That's not what I'm implying.
TSMC would not have thrived if it was purely nationalized, and could have easily collapsed into capitalist hell.
For the processor fab business, specifically, the ideal conditions seem to be some kind of bastardized hybrid. Samsung and China Semi are not far from 'hybrids' either, while the corpses of pure extremes (GloFo, Intel, the Soviet's and modern Russia's computing efforts, DARPA projects, other pure government efforts and some RISC ones) are littered everywhere.
Intel was heading towards a state-supported hybrid, but apparently not anymore (and is now barreling into capitalist collapse).
The other part of what I'm saying is this does not necessarily apply to, say, the hotel business like Trump is channeling, where short term maneuvering and branding pay off more. Nor engergy generation, which is different too (and probably should be nationalized in such a geothermal-heavy place like Iceland).
Looks like books are back on the menu, boys.
How do I download one of those?
Or your favorite lagoon of buccaneers.
Ebooks are awesome.
get that AI bubble a-poppin
I'm going to tariff Trump a dollar every time his stupid face pops up in my feeds.
Well that's entirely the posters fault.
They're really fanatic in wanting to post every stupid thing he says or does (which is daily).
As if there isn't any real news out there.
Damn you will become reallyvwealthy dude!
This will surely bring manufacturing back to the US /s
America in a few years when no one wants their goods anymore and every country outside the US ramped up production since US is the most unreliable partner ever.
shocked pikachu face
I like that! It always sucked that everything is more expensive here in EU, Trump's trying to help us by making it even more expensive in the US.
I watched part of this announcement and he said something I normally don't pick up on
"If they have started to build or have plans to build they don't have to pay the tariff."
Sounds like.jobs.
But what I heard was it was a discount for the oligarchy. Why do you only get a discount if you are in the position to at least pretend to be building a factory?
And then since prices are now double, you get to import and sell at an easy profit.
Even once it opens, it's cheaper to pay taxes on an empty factory than it is to pay tariffs or American workers.
Plus of course the problem that chip manufacturing is not a US traditional industry, so there probably isn't that much skilled labor.
Ironically they're probably going to end up having to hire foreign nationals.
Which literally means they have to announce fake plans to build which be continually delayed until at least 2028
Yeah, Apple's stock went up 5% yesterday because of Tim Cook's meeting with Trump (where he promised $600 billion investment in US manufacturing), and Apple's saying they won't be affected by the new 50% tariffs on India. There are also ghost factories that were built during Trump's first term.
"...likely pushing up..."
"...likely..."
Of course it will! What kind of reporting is this? "...forcing the price up..." Is the phrase they were looking for.
That's not the article title.
1000%, 2500%, 600%, 1500%
What a piece of human shit Trump is.
Dude is a great decision machine. Someone should make him preside- oh. 😕
Nah, I think he's much better suited to being a reality TV star. Oh wait, that's what he is.
Better suited for a prison cell.
Just wait until he has a conversation with the AI freaks in his admin. He changes policy based on the last person he talks to. What an idiot.
Just tell him computer chips are made of McDonalds and diet coke, several problems will solve themselves shortly after.
Perhaps this could tax the huge data centers being built in the USA, which tend to get huge local tax incentives. But, if I had a data center I was trying to kit out, this would encourage me to setup shop any place other than the USA. (Latency matters, but not equally for everything.)
Oh no, don't worry. Big tech will get exemptions and write offs.
Only the big tech that donates large sums of money to Tramp (which seems like most of them)
But, everything is computer.
Do it, idiot.
The cover image looks like he’s trying to make farting noises with his mouth. Not that that’s much different than anything else that comes out of it.
Not Nvidia and not Apple. That's so ridiculous. It will just increase the price of any electronics devices.
The other 95% of us:
Good it'll slow down the atrocious e-waste I hope. Fucking everything doesn't need wifi and blue tooth and bullshit.
okey dokey den
He'll back down from this like everything but what a fucking complete moron
Yam Tits just heard the term, hence the sudden tariffs.
Anyone remember the punchable faces subreddit?
Yeah, this face would be forever pinned at the top.
Could I not just avoid this entirely by buying electronic products from literally anywhere else though?
If you are in the US how do you think that would work? If you are not then it really does not matter since the US is not a major chip producer afaik.
I heard the cartels have a sale this weekend on NVIDIA cards
He will remove tarrifs on goods containing microchips in spectacular fashion.
No he won't
What's interesting about this is that Ghislaine Maxwell just got a transfer to a cushy facility in exchange for what is likely to be heavily coached testimony about how Donald Trump totally didn't rape children.
My hope is that he signs the pardon before she testifies, and then she burns him down on the stand.
As if she would.. She will just do what she do best, just not for Epstein, but for mr president himself, I fear…
She would not survive that.