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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."
See subject: I'm so sick & tired of /. BULLIES. You shitweasels have nothing better to do than HARASS, STALK & IMPERSONATE little ol' me. I've done absolutely NOTHING wrong & just try to make everyone's lives better w/ my work that stops ads & malware.
* As soon as I post, I'm CENSORED to -1 w/ ABUSED downmodpoints by bullies like ZIP, who even admits to this. I caught c6gunner mocking then IMPERSONATING me when he forgot to log out. Zontar mailed me a postcard w/ THREATS on it, then LIES & STALKS me. All because you JEALOUS JOWIE "ne'er-do-wells" KNOW I'm World-Class & you're shit. It's why you hide behind FAKE names & UNIDENTIFIABLE ANONYMOUS.
I caught viperidaenz & webmistressrachel IMPERSONATING me too. The OLD HAG is JUDEN TRASH & knows nothing about computers so she LIES about me instead. This is one sick in the head IDLE HANDS ARE THE DEVIL'S WORKSHOP bitch, no questions asked. You wish you were me & that's why you IMPERSONATE & ATTACK me.
I'm even improving my already GREAT PHYSIQUE & SUPERIOR INTELLECT while you weezils sit around all day on /. STALKING & HARASSING your BETTERS. I repeatedly dust the no-mind bullshit blatherings you BULLIES post to attack me. Like always I WIN & YOU LOSE.
APK
P.S.=> This BULLYING of me is SO UNFAIR & I've done nothing to deserve it from you people. I'm tired of CASTING PEARLS before SWINE with my work that you CAN'T do better than. GROW UP... apk
Yeah, those Tariffs sure showed China that we are willing to screw ourselves to screw the world.
For whoever is keeping track:
Bush / Obama - Saved the car industry
Trump - Destroying the car industry
I want America to be great again. I want the homeless people and drug dealers in my community cleaned up off the streets and housed in dormitories to assemble iStuff during 16 hour/day shifts. They'll get free health care and a 10% discount on prescription drugs.
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.
Good. Fuck Apple and their "designed in California (made with child labor in China)" bullshit.
Apple could easily manufacture their phones and laptops in the US. Their products are easily marked up at least 100%. They have a trillion dollars they're just sitting on.
They don't because they hate American blue collar workers, it's that simple.
There isn't any tax that a Republican doesn't like.
gweihir KNEW u IMPERSONATE me https://it.slashdot.org/commen... c6gunner proves it https://linux.slashdot.org/com... & forgot to SUBMIT AC & used his registered 'lusrname' (he tried to mock me both BEFORE & after I FAIRLY challenged him to show he's done better work - he had ZERO).
I'd never "cry victim" to ne'er-do-wells (TROLLS, not all /.ers) either.
U EVEN HELPED ME https://science.slashdot.org/c... (& then realizing it you quit trying to make me look bad via what you thought were lies on hosts as "ME" IN YOUR IMPERSONATIONS of me e.g. https://tech.slashdot.org/comm... on speculative execution attack: Hosts PREVENT 'EM, joke's on you)
APK
P.S.=> 2nd to last link's KILLING U THAT U HELPED ME & got me to see if hosts stop portsmash/meltdown/spectre & yes - hosts WORK on 'em - U LOSE + FAIL a PORTFILTER TEST https://yro.slashdot.org/comme...
Perhaps you missed the obvious, but he's already bailing out US farmers to the tune of $12 billion to compensate for lost sales to China.
Worse, he's paying it to Chinese owned companies like WH Group:
https://www.washingtonpost.com/business/economy/chinese-owned-pork-producer-qualifies-for-money-under-trumps-farm-bailout/2018/10/23/154764da-d3ce-11e8-83d6-291fcead2ab1_story.html
And if he slaps a big tarif on Apple, they'll demand compensation too. Either directly or through the courts, since he's not within the Executive branches *limited* powers to kill ratified trade treaties wholesale. Apple can sue if they don't get compensated.
Also imagine how it would be if Apple does not get compensated, yet Chinese companies do get compensation from Trump?
IMHO, the US $ nearly collapsed after Bush did his 2004 monetary inflation. Here they're doing a 10% increase in money supply, gifted as tax cuts to rich people (around $1.5 to $1.9 trillion). That needs to be anchored in trade since you need China to need to buy US bonds to soak up the debt and force the retained $ value.
IMHO2: Ukraine is about to be invaded by Russia, and we'll get a lot of distraction like this.
Stupidity in the US knows no bounds! No wonder there is a memory overwrite error every few days.
If you're wealthy enough to purchase an iPhone, you're wealthy enough to pay this tax. If not, I guess Apple is going to lose a number of customers.
Plus, this effectively also serves as a corporate tax given that iPhones are fairly common for commercial use.
This may end up being a fairly progressive tax.
gweihir KNEW u IMPERSONATE me https://it.slashdot.org/commen... c6gunner proves it https://linux.slashdot.org/com... & forgot to SUBMIT AC & used his registered 'lusrname' (he tried to mock me both BEFORE & after I FAIRLY challenged him to show he's done better work - he had ZERO).
I'd never "cry victim" to ne'er-do-wells (TROLLS, not all /.ers) either.
U EVEN HELPED ME https://science.slashdot.org/c... (& then realizing it you quit trying to make me look bad via what you thought were lies on hosts as "ME" IN YOUR IMPERSONATIONS of me e.g. https://tech.slashdot.org/comm... on speculative execution attack: Hosts PREVENT 'EM, joke's on you)
APK
P.S.=> 2nd to last link's KILLING U THAT U HELPED ME & got me to see if hosts stop portsmash/meltdown/spectre & yes - hosts WORK on 'em - U LOSE + FAIL a PORTFILTER TEST https://yro.slashdot.org/comme...
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
The only reason for Apple's success is the US government's interference in the mobile phone market. It's time that Trump stops working for his enemies...
Tax my mother fuckin iphone that shit is personal
I remember when Republicans were against tax
and Russia
Poor people aren't buying them as it is. Rich people can handle another $100. Or they can just go with a Korean phone.
that people get all sideways about a 10% tax on imported phones, but when we lower corporate tax rates from 35% to 21%, which will lower the price of AMERICAN goods, then its supposedly a "tax cut for the rich." What's rich about millions of phone buyers that could get an American phone for less money because the company is not sending so much $$$ to Washington, and can therefore lower the price on their phones and cause more people to choose their phones instead of the Chinese phones? Taxes are taxes, whether they're tariffs or income taxes, and no corporation has ever, does now, or ever will pay corporate income taxes. They simply COLLECT them, from us, when they raise prices of their goods, lower their workers' pay, or cut stock dividends in order to have the $$$ to send to Washington. Duh... of the 2, I'll take tariffs, since it benefits American companies by keeping the gov't from coming after corporate income to get the tax money.
It was only Syria Trump handed to Putin.
It is only Iran being handed to Putin.
It's only Ukraine you're handing to Putin.
It's only Romania, Trump is handing to Putin.
It's only the Black Sea being handed to Putin.
It's only Turkey being handed to Putin.
It's only the Baltics being handed to Putin.
It's only Europe being handed to Putin.
It's only Alaska being handed to Putin.
It's only Canada being handed to Putin.
It's only California being handed to Putin.
It's only the Northern states being handed to Putin
How much will China have to funnel to the Trump Crime Family “organization” or Trump regime’s interests to make this go away, I can’t help but wonder.
Won’t hurt Apple, it’ll just mean that your next iPhone will be made in Indonesia, or Malaysia, or some other place with little or no environmental regulation or protections for workers, laws against modern slavery / human trafficking, etc. SURE as hell it’s not going to cost APPLE money... it’s Apple. They don’t pay taxes, or follow laws, or whatever. They just find ways around it, like parking money in a fake subsidiary in Ireland. Since we all found out about that one, they had to pay some small part of what they owed, or may one day have to, and meanwhile, things will get rearranged to some OTHER tax haven or dodge.
They’re all a bunch of goddamned fucking crooks, all the way around.
Sent from my iPad.
Oops... shit.
Our reign has gone on long enough. Indeed. Summon the meteors.
they don't tomorrow...
but thats okay, the president lady said "im sending in more tarriffs"
I mean, it just needlessly increases the cost of a good without giving anyone an incentive to move manufacturing into the USA because it's less expensive to just pay the tax than build entirely new domestic infrastructure that would in the long run, cost more anyways because of the costs of recovering those infrastructure costs.
Of course, the problem with all of this is that long before you've applied any tax high enough to create such an incentive, you will have already created another incentive for a black market that will present its own problems.
File under 'M' for 'Manic ranting'
"I mean, I can make it 10 percent, and people could stand that very easily." If people can easily stand that then what the fuck is the point of the tariff? I think his retarded brain doesn't seem to understand what he is trying to achieve. At the moment all it is doing is chasing jobs out of the country, the tit for tat tariffs will bury the US economy.
gweihir KNEW u IMPERSONATE me https://it.slashdot.org/commen... c6gunner proves it https://linux.slashdot.org/com... & forgot to SUBMIT AC & used his registered 'lusrname' (he tried to mock me both BEFORE & after I FAIRLY challenged him to show he's done better work - he had ZERO).
I'd never "cry victim" to ne'er-do-wells (TROLLS, not all /.ers) either.
U EVEN HELPED ME https://science.slashdot.org/c... (& then realizing it you quit trying to make me look bad via what you thought were lies on hosts as "ME" IN YOUR IMPERSONATIONS of me e.g. https://tech.slashdot.org/comm... on speculative execution attack: Hosts PREVENT 'EM, joke's on you)
APK
P.S.=> 2nd to last link's KILLING U THAT U HELPED ME & got me to see if hosts stop portsmash/meltdown/spectre & yes - hosts WORK on 'em - U LOSE + FAIL a PORTFILTER TEST https://yro.slashdot.org/comme...
"How's that hopey-Trumpy Coal Comeback -TM workin out fer yuh?"
And meanwhile we all see you're just another dishonest faggot advertising that quality about yourself constantly online. Golf clap?
But for the almost 40 years I have been alive, A. people have been majority voting for them. (with a few swing years, but not enough, indicating they are ideologically supported.)
and B. Plenty of Democrats are pro-outsourcing as well.
Having said that: From personal experience I have seen a LOT of out and proud Republicans who will use either illegal foreign labor (Mexican, Ukrainian, or Russian. I am sure demographics vary by region) or under the table domestic labor to keep their businesses afloat while at the same time dodging taxes and a variety of other illegal behaviors while talking out the other side of their mouth about all the behaviors they shouldn't allow. And don't take this to mean I'm letting the Democrats off the hook. From clipper to the dmca to patriot to the snowden file activity, Democrats have been complicit in it all. Short of a mass purge of the system, whether via legal or extralegal means, the United States has nowhere it will go but down.
I could pretend I'm praying for everybody, but honestly I am waiting for the great culling and just hoping I have ducked out somewhere safe before it happens. Trying to fix this mess under the current, former, or future federal govenments and the voter base that allows them to happen again and again simply is not going to happen.
Stop pandering to election doners. Make it 20% straight up. .th. and Cambodia to beat some existing tariffs.
China is already building screwdriver plants in Vn
Include $5 toasters and a raft of crapware as well. People will buy it just as much.
Chicago has higher state taxes - proving price insensitivity.
20% would be easilly absorbed.Everyone already has a phone / laptop and there is no productivity benefit - people just hang on to what they have for 6 months more. A 20% tax would cause Chinese panic.
Next the CPU's are the expensive bit, so USA could create jobs in the install cpu and memory and package dept. And cause more Chinese panic as the factory may have to move to say Vietnam or Malaysia.
The only loosers are firms cheating or fiddling tax, and some grey market importers who carry shit over and sell out of suitcases. Oh, and Walmart, but nobody cares about em.
Stop supporting Iriish tax sandwiches and other variants.
Apple may also be a winner - because economics will sort it out. And while 20% sounds a lot, Europe VAT is around 23% - so that would defang what Europe is planning - 30-50% taxes.
The only country he's making 'great again' is Russia. I see you're repeating Russian trolls with your "American troops out of Europe" trolls.
Europe provided Ukraine with 1.2 billion euros, but US will only sell them $50 million in hand guns. Trump literally blocking sales of weapons to aid Russia and undermine its European military allies.
You'll probably end up sending troops to fight Ukraine alongside Russian troops, and trolls like you will pretend its in Americas interests.
Puppet states don't work without puppets and trolls like you.
Remember Helsinki? Trump promising US troops would cooperate with Russian troops in Syria.. which would see US troops attacking US allies to prop up Assad.... and this just three months after Russian troops attacked US troops in Syria.
https://nypost.com/2018/02/13/russians-attacked-american-troops-on-putins-orders/
..with it's throttle stuck wide open.
For fucks' sake, I fully understand that China is so corrupt and screwing us (and other countries) over, in more than just trade (militarily, human rights [comma, lack of], and so on, and so on) but there's got to be a better way to handle this than this.
Of course you also have to admit: we're like spoiled-assed kids in this country. Our overall high standard of living is because everything has been so damned cheap for so many decades. You all complain about the cost of an iPhone, but if it was produced 100% here in the U.S. (from the smallest component on up), it would cost several times as much I'm sure, assuming they'd produce them at all (might be too expensive to produce in any quantity). Before anyone jumps my shit for that: without U.S. companies using Chinese companies for production, Chinas' economy would probably be absolute shit. So it is a two-way street -- but still there's got to be a better way to deal with this than what Trump is doing. He keeps trying to run a country like it's a business -- and he's not a good businessman to start with (vis-a-vis, all his bankruptcies and failures), and it's just a bad idea to run a country like it's a business anyway. He's achieving the opposite of what was intended: he's costing Americans money, he's destroying American jobs, and he's running American companies out of business. Do I have a better idea? No. If I did, I'd run for office. But someone else must have a better way to do this, and they're not stepping up -- or maybe they've been told to shut up.
Idiot tax for libtard iShit users. :)
I live in Europe. If the US wants to charge more for iphones I'll happily buy direct from China. Bye bye Apple, Hello Xiaomi
Reducing tax moved US companies back from Tax Havens such as Ireland , back to the US.
Hundreds of billions of dollars have shifted from 'offshore low tax' jurisdictions back to the US, allowing us to get tax on something we could not tax before, and getting an economic multiplier effect locally.
It works. Increasing Tax on companies cause the companies to offshore and you get nothing.
'Tax it 'cos muh socialism' is, and always has been, a failed philosophy that fails to take into account people/wealth leaving.
(and when they do, you get to the point where you have to arrest people who try, you're a prison not a country, and it is 'not real communism' attempt #53.)
Maybe pissing off the iCrowd will be the last straw.
Wanna buy a shirt?
https://www.redbubble.com/people/stealthfinger/shop?asc=u
...it was about time. The reason RCA isn't making anything in the US anymore is because China slaps a tarrif on anything imported from the US but the US doesn't slap a tarrif on Chinese imports.
The USA's intelligence services spied in on the conversation Aribus had in contract negotiation, found out the price airbus were offering, and told Boeing what to pitch to in the contract.
Funny how people aren't remembering that when they complain about corporate espionage from China.
Like with cheating at cricket, which was started by us Brits and done better by foreigners, this too is something the USA did pridefully then complained when it was being done by other countries against them.
Tell me when you last heard of a Republican who actually did something as if they DID care about the interests of working people?
Up the tariff! Create domestic jobs!
Huh? No, not in production. In repairing and second hand sales. Because when a new phone costs about 2000 bucks, repairing your old one for 100 suddenly becomes very compelling.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
In a trade war both sides raise taxes/tariffs. These, at least in the US are collected by the Treasury and go into the general fund.
So:
* Citizens purchasing foreign goods pay more (tariff is a tax)
* Companies importing raw materials (for example, steel and aluminum) pay more (tariff is a tax), and will have to charge more for products (indirect tax)
The goal of course is to move manufacturing into the US.
But wage disparities cripple this in many cases. We could probably handle things like chip manufacturing competitively, but putting things together via humans is far more expensive in the US. Maybe robots are the answer (they are).
The problem to me is timing. It takes a long time to move the product and processes the tariffs are targeting. And raw materials? Wage disparity again.
Anyway, the tariffs are just a way to increase Federal income, from March through July it was about $1.4 billion from steel and aluminum:
https://www.cnbc.com/2018/08/1...
And per the Congressional Budget Office's Monthly Budget Review, "Other Income" was up by $1 billion (includes tariffs), about 1%. Corporate taxes dropped by $92 billion, about 31%.
https://www.cbo.gov/system/fil...
Anyway, corporate tax rate drop was a gift to the already wealthy ($92 billion!) and the tariffs are a tax on the citizens and revenue for the Federal government.
BlameBillCosby.com
Why not tax ALL goods and services from and to China?
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.
GM's upper end cars are Chinese imports, like the Buick Envision, are made in China anyway. All GM is doing is using the tariff thing is an excuse to ditch factories making cars that don't sell, and start cranking out more SUVs.
Of course, when Iran gets uppetidy and mines the strait of Hormuz, GM will be sitting there wondering why nobody is buying their vehicles when people turn to buying 75MPG plug-in hybrids.
gweihir KNEW u IMPERSONATE me https://it.slashdot.org/commen... c6gunner proves it https://linux.slashdot.org/com... & forgot to SUBMIT AC & used his registered 'lusrname' (he tried to mock me both BEFORE & after I FAIRLY challenged him to show he's done better work - he had ZERO).
I'd never "cry victim" to ne'er-do-wells (TROLLS, not all /.ers) either.
U EVEN HELPED ME https://science.slashdot.org/c... (& then realizing it you quit trying to make me look bad via what you thought were lies on hosts as "ME" IN YOUR IMPERSONATIONS of me e.g. https://tech.slashdot.org/comm... on speculative execution attack: Hosts PREVENT 'EM, joke's on you)
APK
P.S.=> 2nd to last link's KILLING U THAT U HELPED ME & got me to see if hosts stop portsmash/meltdown/spectre & yes - hosts WORK on 'em - U LOSE + FAIL a PORTFILTER TEST https://yro.slashdot.org/comme...
10% ????? The tariff should be 200% - on ALL imported goods. Why wait? DO IT NOW!
And while you are at it, tax all foreign labor at the rate of 200% of what a US worker would cost + whatever they are paying the foreigner. This way the ONLY jobs that would be shipped out are the ones that ABSOLUTELY need to be.
Funny how you ignore your own side doing it when you want to hate on a foreigner or prop up your shitgibbon pretend president.
Our trade deficits are hardly deficits at all. They primarily exist due to the way we tax corporate profits.
Companies routinely develop software/hardware/drugs/machines...etc in the US. Many companies run those companies here in the US at break-even or a loss. The designs developed here are then "transferred" to an over-seas subsidiary (located in a low tax area of the world) to produce the actual product. The subsidiary then sells the product into other markets and never repatriates the profits.
Many of the things you buy are built this way.
The development costs stay here - at a loss which reduces or eliminates tax liability in the US. For many years GE received far more in tax credits than taxes it paid.
You can "fix" this one of two ways - you can change the tax structure to not penalize profits generated here to encourage the profits to stay here or you can tariff the goods on the way back to this market.
Reducing taxes on corporate profits raises the ire of many on the left and tariffs on foreign made products raises the ire of everyone who benefits from cheap overseas production.
Drop corporate taxes to something less than what most of the world charges and you'll see production come back to the US.
Nothing whatever to do with IT or nerd topics. Get rid of the political nonsense on SlashDot!!!
#nerdsagainstpolitics
Trump needs to pick his words more carefully.
Just because HE thinks ALL Cellphones are "iPhones" (nice for brand-recognition), doesn't mean he should be SAYING that in a Public Statement!
Obviously, this has ALREADY caused great economic harm to Apple (stock down 2%), JUST because Trump can't be BOTHERED to choose his words correctly.
And if he DID mean just iPhones, then Apple has a good cause to sue to get the action reversed.
Trump, "The Art of the Deal", proved he can't even make money at a casino. A joint that literally takes money from clients, and hands them back smaller packets of money. How do you lose money in a business like that?
So now he wants tariffs on smartphones. Gee, our resident Very Stable Genius has yet another brilliant idea. What's next, taking candy from babies? "I know babies, and this baby is such a baby! It's a disgrace! We will only have the best babies from now on, Obama wanted bad babies but Make American Babies Great Again (MABGA)!"
People are willing to pay the premium price for an iPhone, then the government should get their tax. Tax it at 25 percentage.
China is renowned for manipulating currency and closing off their markets, and the US has HUGE trade deficits with them as a result. Does anyone disagree with this?
So, then the question becomes, "How do we correct this?" China isn't going to give up the treasure willingly. Whoever the President is won't get results by asking politely. You'll never win by trying to negotiate from a point of weekness. What other tool does the President hold to negotiate a trade agreement other than the threat of tariffs? How effective is a threat once you demonstrate that you are unwilling to use it?
Aah, change is good. -- Rafiki
Yeah, but it ain't easy. -- Simba
And he is too stupid to understand that the economy going into running slummy apartments are not working on a macro scale for running a country...
If this is a terrorif on iPhones alone there is a much greater need to place friendly justices in the courts.
In targeting Apple the doors to courts will push wide open to protect the $10billion that is at stake.
Other brands of phones and computers are obviously under control of AT&T, samstung, Microsoft, Verizon, U.S. Cellular,
Google as much as Apple does just differently. Samsung makes darn nice hardware but systematically obsoletes that hardware
vastly quicker than the hardware wears out. It is possible to buy a factory new devices and in the first 24 hours after
getting it home recieve the LAST update/upgrade planned for the device. Production can continue for two or three
years but the software clock can begin at introduction not even first customer ship.
Ten percent is a rather big tax... enough to be a disincentive to Apple re their pulling cash back into the US
when it can borrow from itself at 4% or less and not pay %15-38.91+% income repatriation tax.
https://www.reuters.com/articl...
Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities; Truth isn't. Mark Twain.