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Comment on Bernstein Posits That A 10 Percent Baseline US Tariff On Raw Semiconductors Is "Not Going To Do All That Much," But PCs, Servers, And Smartphones Are About To Get Pricier By ~40 Percent

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sugar_in_your_tea@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

I agree with most of that.

The thing is, other countries don’t want to see a slowdown in trade, so there’s absolutely a chance that they’ll be more willing to make deals with the US in exchange for reduced tariffs. In the short term (again, like you said, could be years), there will be reduced demand, which will hurt markets, and I wouldn’t be surprised if conservatives get slammed in elections in the next 2-3 years since the pain will likely still be fresh. I don’t trust Trump to actually make those deals though, especially since so many other countries seem to hate him.

We’ll see though. It’s going to suck if he sticks to his guns and keeps tariffs going in his apparent plan to revitalize US industrial capacity. I’m not sure why we want that, but that seems to be what he wants.

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Tobberone@lemm.ee ⁨1⁩ ⁨day⁩ ago
Unfortunately i think it’s the same old extortion we’ve seen before. Trump Jr already posted “I wouldn’t want to be the last country to cut a deal”, so I guess we will see more if this. Ukraine stood up against it, I hope the rest of the world does to, but I’m afraid most wount.

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- sugar_in_your_tea@sh.itjust.works ⁨1⁩ ⁨day⁩ ago
  They probably won’t, but I guess we’ll see. Trump is certainly playing with fire here, and that doesn’t make me feel great as an American.
  
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