• Magnus
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    153 months ago

    It’s going to impact American consumers a hell of a lot more.

    • tiredofsametab
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      13 months ago

      Maybe if that happens, computer parts won’t get a huge markup here in Japan anymore in that … ah, who am I kidding; they’ll still gouge us.

    • Maple Engineer
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      93 months ago

      Came here to say that. Americans pay the tarrifs. He’s raising prices for American consumers.

          • @[email protected]
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            13 months ago

            There has been a lot of greatness in US, but the people fighting the good fights seem to be losing right now. Just slowly, a little year by year. Hopefully this a kick in the pants too fucking far and we wake the fuck up and see we have to actually do something about it.

      • @[email protected]
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        63 months ago

        The dismantling of the US was Putins wet dream since forever, he would have done the same with or without the well deserved sanctions for invading Ukraine.

  • @[email protected]
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    403 months ago

    But I thought the Tim Apple donation to the trump inauguration was supposed to curry enough favor to avoid this.

    ThisIsMySurpisedFace.jpg.

  • @[email protected]
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    283 months ago

    I don’t get the goal here. It’s not just that existing fabs are in Taiwan, I thought it was the knowledge was as well.

    I was under the impression that we’d built a couple of fabs here and they’re not productive due to a knowledge deficit. Maybe I’m uninformed.

    It seems, to my uninformed self, that if we impose tariffs we’d be strengthening Taiwan/China relations. Wouldn’t China still serve as a middle man?

    I don’t see us manufacturing when the dollar is so high relative to foreign currency; add in the lack of knowledge and facilities and I’m not sure what you get.

    • @[email protected]
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      253 months ago

      I truly believe these are his way of soliciting bribes from foreign and domestic businesses.

      They’re going to have to pay him to get around them.

  • @[email protected]
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    83 months ago

    Trump is going to use Tariffs to try to offset making larger tax cuts for the wealthy.

    It’s better that he does this now so that we have a solid recent example to point to of how this will impact what we pay for goods.

    Never mind we have 100 years of data backing this up, people are idiots and won’t recognize the treat until it hurts them directly.

    • @[email protected]
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      33 months ago

      In a way I’m glad he’s doing this. He’s going to inflect so much pain that he loses in a landslide in four or 8 years or whatever. If income tax rates are 0, then a new administration would be able to set them as high as they want without consideration of trying to increase them by 2 percent or whatever they do now.

      • @[email protected]
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        23 months ago

        I agree I’d rather Trump shit the bed hard and early so we can contain the damage and show the public at large what his policies will really do to them.

        But Tariffs will never be enough to offset income tax completely. I think he is going to use Tariffs to offset renewing his tax cuts for the wealthy. There are a good number of house republicans who will not go along with tax cuts if it increases the deficit. Revenue from tariffs would give him enough cover to placate those Republicans while directly pushing the cost onto US consumers who are primarily lower and middle classes.

        Even after 4 years when he is out of office and the next administration reduces those tariffs and goes back to a progressive tax system. Even reducing those tariffs then will never bring prices down. Companies will never pass those savings entirely to the consumer they will pocket the money and everyone else will be screwed.

        • @[email protected]
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          23 months ago

          The grift is obvious for anyone paying attention but a lot of his base doesn’t realize that they pay almost no tax because of credits and deductions. Tariffs will hit the working class hard.

    • @[email protected]
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      13 months ago

      To be fair, we mostly have examples of how free trade reduces prices. But this reduction in prices usually wasn’t instantaneous and perceivable by ordinary folks. Because corporations wouldn’t hand out the savings to consumers until the very slow market force of competition forced them to. Tariffs will make everything more expensive and even if they are eventually culled, stuff will not become suddenly cheap again.

      • @[email protected]
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        23 months ago

        I agree, I doubt very much that price savings for any reduction in Tariffs will be passed onto the consumer. However any increase in Tariffs will immediately be felt.

        I’d rather see an increase in a single sector such as microchips to show the public the costs of Trump’s plan in real modern dollars to help build opposition. Than wait until he pushes an across the board Tariff. Which would likely result in a stagflation for the population at large.

    • sunzu2
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      33 months ago

      Hmm… You might be on to something. Ever since after Ww2, we have been ruled in a way where police is never really stated outright and whatever teevee suggests is never what the policy or reasoning really is.

      Looking at your “Patriot” act

  • @[email protected]
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    833 months ago

    Awesome! Send them to Canada, we can build data centres and sell the cloud services back to Americans powered by the electricity that we expect to be tarriffed, and cooled by the water we won’t sell.

    • AbsentBird
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      43 months ago

      Hell, use the waste heat to power hot water heaters or something. It blows my mind that we don’t do more cloud computing in cold environments. The servers produce heat, the people need heat, solve one problem with another. Instead we seem to be putting them in the driest and hottest climates available.

    • Lemminary
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      183 months ago

      Or Mexico! We’re already on it. Sheinbaum is working to get a chip manufacturing plant up in Guadalajara. Exciting stuff, honestly.

      • AbsentBird
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        63 months ago

        Make the chips in Guadalajara, ship them out of Puerto Vallarta to Vancouver to power server farms in Surrey; cut the US out entirely.

  • @[email protected]
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    1333 months ago

    He emphasized that the proposed tariffs would leave companies with no choice but to invest in domestic production facilities to avoid high taxes.

    No choice except the obvious: Pass the cost of the Tax into the customer because there’s no way they’re going to spend billions to stand up a US fab plant anytime soon.

    • @[email protected]
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      93 months ago

      Also, because these investments are long-term when the tariffs are likely to only be short term.

    • @[email protected]
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      273 months ago

      No choice except the obvious: Pass the cost of the Tax into the customer because there’s no way they’re going to spend billions to stand up a US fab plant anytime soon.

      TSMC is standing up fabs in the US, mostly because we’re bribing them to do so.

      The problem is that it takes literal years to build high tech manufacturing and isn’t something you can yank out of your ass to satisfy some idiot politician.

      • @[email protected]
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        363 months ago

        By Taiwanese law, TSMC isn’t allowed to move cutting edge processes to its US plant. The overseas operations have to be at least one gen behind.

        From a strategic point of view, it makes sense for the Taiwan government to do this. They don’t want the US to suck them dry then cut a deal with the mainland.

        • @[email protected]
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          153 months ago

          I mean, it’s economic blackmail: we won’t build the good shit anywhere else, so if you don’t protect us, you get nothing.

          Effective, but only if you’re dealing with someone who is rational, and, well, have you seen the brain-worm oligarchs in charge of the US lately?

          • @[email protected]
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            33 months ago

            For Taiwan, it’s a matter of survival, plain and simple. They’re not going to give up their monopoly because without it they cease to exist. It does not matter how irrational the person they’re dealing with is, because for them this is life and death, literally. TSMC is the single biggest national security asset they have.

    • @[email protected]
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      43 months ago

      That’s just how tariffs work. They’re not a weapon against enemy nations. They’re a tax on Americans.

      And nobody is going to bring production back to this fascist slave pen of a country.

    • @[email protected]
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      403 months ago

      More so when these plants take 10 years to build. They will pass along the cost and just wait him out.

  • @[email protected]
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    23 months ago

    Gosh Tim. How is that million dollar personal contribution directly into Trump’s pocket to Trump’s inauguration fund working out for you?

  • Phoenixz
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    343 months ago

    Lol, I’d love to watch everyone in the US paying triple for literally anything that has electronics in it.

    If Trump then wants to build chips in the US, good luck. ASML is the only one with the machines, first of all, and by the time he can buy those, something tells me they might have some extra tarifs added to them, and then paying US salaries for electronics would skyrocket prices to people having to pay four-five times the amount of what they’re paying now.

    Not saying that the near slavery conditions in Asia are fine, that should have changed decades ago, but the way trump is doing this is hilarious, people will want his head on a plattee

    • @[email protected]
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      3 months ago

      iirc the machines that TSMC uses are made in Holland right when he’s also apparently doing his best to piss of Europe, even then there’s like a decade long order backlog.

      • Phoenixz
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        13 months ago

        They are made in the Netherlands, yeah. ASML