Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
ICastFist@programming.dev 1 week agoApple will get fucked real hard, since pretty much all their iphones are manufactured in China
Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
ICastFist@programming.dev 1 week agoApple will get fucked real hard, since pretty much all their iphones are manufactured in China
hitmyspot@aussie.zone 1 week ago
Yes, but they sell them worldwide. So, if they move manufacturing, then they have the same problem in reverse. If they have multiple manufacturing bases worldwide, not only are they less efficient as the companies/cointries aren’t competing on price, but they lose efficiency of scale. So even if they did what trump purports to want, it’s less efficient, and inflationary.
On the flip side, the fact that many expect he’ll eventually capitulate when there is enough pressure, or it will end in 4 years, means nobody, including Apple is going to invest in American factories. It’s just a risk with minimal benefit. So lose/lose. He’s an imbecile.
stink@lemmygrad.ml 1 week ago
I could see dems siding with this given enough time. They’ve been veering right for all of eternity, I wouldn’t be surprised if they decided this was the new normal and stuck with it.
Especially considering if this lasts long enough the US dollar will not be the global currency any more. We already have china giving out loans in USD and getting repayment in Yuan, it’s only a matter of time before the century of humiliation.