Comment on Trump says a 25% tariff "must be paid by Apple" on iPhones not made in the US, says he told Tim Cook long ago that iPhones sold in the US must be made in the US

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toddestan@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

The other problem with moving manufacturing due to tariffs is that tariffs can always be changed, whereas moving manufacturing is a longer term investment that can cost millions, if not billions when it comes to things like chip fabs. No one wants to make an investment like that, only to have their investment suddenly become worthless because some politician decided to change how the tariffs work.

Trump’s idiotic and constant flip-flopping on these tariffs have completely destroyed any chance of them actually accomplishing anything, because no one is going to move a factory to the US when Trump can and will change his mind based upon a whim or whoever is whispering in his ear that moment.

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