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Trump Suggests US Could Slap 10 Percent Tax On iPhones, Laptops From China (cnbc.com)
An anonymous reader quotes a report from CNBC: President Donald Trump suggested he could place a 10 percent tariff on iPhones and laptops imported from China, in an interview with the Wall Street Journal published Monday. He also said it's "highly unlikely" that he would delay an increase in tariffs from 10 percent to 25 percent on Jan. 1, just four days before a summit with Chinese President Xi Jinping. "Maybe. Maybe. Depends on what the rate is," the president said to The Wall Street Journal about the possible iPhone and laptop tariffs. "I mean, I can make it 10 percent, and people could stand that very easily."
China is our enemy. Fuck 'em.
MAGA ON!
Sure, everyone could handle a 10% tax very easily. Oh unless you're super rich, then you need a tax cut.
Either that, or just secure a small million dollar loan from your daddy.
Our President is a stuck up, toffee nosed, elitist twat.
Only crack the nuts that crack. You don't put the ones that don't crack in the sack.
So, what does GM do - start the process of eliminating ~15,000 jobs and closing factories. I know, it's more complicated than that in that competition for foreign car makers, most of whom make cars in the US with likely higher quality products, changes in customer preferences to SUVs and trucks, and the availability of hybrid and electric vehicles from other companies. Another example is Ford's decision not to make a car for import to the US from China and rejecting the suggestion that it be made in the North America because it would cost too much.
No one wins from a trade war.
In a time of universal deceit, telling the truth is a revolutionary act. George Orwell
Politicians of both parties are quite flippy-floppy on taxes, debt, war, regulation, immigration, spending, ally selection, states-rights, etc. as it serves their short-term political goals. This is largely because the average voter has a short memory.
Table-ized A.I.
Really you don't find Russia's imminent invasion of Ukraine deeply worrisome?
There was a time when America and its people cared about others across the world, just because it was the right thing to do, and knowing that helping them free themselves and advance economically would ultimately directly benefit the safety and security of the US. In short, making friends makes us safer than making enemies. That old way has gone now, and even more sadly the attitude of many Americans towards their fellow humans in other countries is taking on a decidedly adversarial tone. Does not bode well for anyone.
There is no evidence that lowered corporate taxes lowers the price of American goods. Lowered corporate taxes this time seem to have been used for stock buybacks, i.e. propping up market valuations. But don't let lack of evidence get in the way of corporate tax cuts because that wouldn't be AMERICAN.
In summary: fuck American workers, I wanna save a couple bucks on my iCrap!
You clearly have no idea what made your country great in the first place.
Bingo. If I had mod points I'd up you instead of commenting... I worked in industrial automation for 6 years and have a very good understanding of this. Tech has advanced sufficiently now that we can make long term, very robust solutions for significantly cheaper than the labor costs. No matter how you slice it, that will not change.
There would literally have to be an automation tax applied to companies doing it and that will never happen. If it did they would have to take the money from the tax and give it out as a UBI (which the Republicans would call an entitlement) to keep the economy from collapsing. It probably wouldn't even stop the automation because the technology will likely advance much too quickly for them to keep an effective tax on it. Then on the Democrat side, they won't tax it because they are fine with the globalization drive and the only way we can keep up in the US is to allow for new job TYPE creation (such as skilled technicians and such).
I've tried to explain this again and again to people, but they don't seem to WANT to grasp it.
That's why the Chinese are so upset with President Trump. It turns out, you can't really bribe a billionaire real estate mogul TV star President who's married to a supermodel - what exactly are they going to offer him that he doesn't already have?
I'm sure the Russians and the Saudis could make some very helpful suggestions.
Il n'y a pas de Planet B.
When the hell was that ?? The US has always treated its "friends" with contempt.
If the US would pull out of Europe, I'd take time off from work to help pack.
Why do you think the US is trying to insert itself everywhere? It's for influence.
Why do you think Trump was so angry with Macron calling for the creation of European armed forces? It's not because of NATO. Ironically, spending on European Armed forces from within members states would count as spending for NATO. Trump was angry because the very idea of not needing the US policeman is a threat to the influence of the US.
Trump doesn't want Europe to have their own independent forces. Trump wants us to just have NATO. Because NATO is purely mutual defense, whereas European forces could be deployed globally, and thereby decrease the importance of US forces. And in the current climate, many countries would be more likely to accept European forces than US forces.
Or did you think that the US was playing global policeman out of benevolence?
And if the US would pull out of NATO? They're welcome to. It would mean Europe would be forced to ramp up military spending, and make the US irrelevant in European decisions. Do you think the US government would enjoy losing all the influence they have?
It's not just iPhones that the tax is going on. Pretty much all phones will be affected.
Trump's policy is attrition. He's hoping you can stand the pain longer than China.
He is hoping that China will capitulate, but because China is not a democracy it can simply wait a couple of years to see what happens.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
This is what happens when you put a billionaire in the White House. He has no idea that 10% is a huge amount for many people (let alone 25%!).
Next time, guys, put a poor person, or even a homeless person, in there. Someone who has some concept of the value of $1.