Yeah, Apple’s stock went up 5% yesterday because of Tim Cook’s meeting with Trump (where he promised $600 billion investment in US manufacturing), and Apple’s saying they won’t be affected by the new 50% tariffs on India. There are also ghost factories that were built during Trump’s first term.
Comment on Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
MyNameIsIgglePiggle@sh.itjust.works 3 weeks ago
I watched part of this announcement and he said something I normally don’t pick up on
“If they have started to build or have plans to build they don’t have to pay the tariff.”
Sounds like.jobs.
But what I heard was it was a discount for the oligarchy. Why do you only get a discount if you are in the position to at least pretend to be building a factory?
And then since prices are now double, you get to import and sell at an easy profit.
sobchak@programming.dev 3 weeks ago
michaelmrose@lemmy.world 3 weeks ago
Which literally means they have to announce fake plans to build in 2026 which will be delayed until 2027 in which they hope he will have less autonomy if the midterms go poorly.
explodicle@sh.itjust.works 3 weeks ago
Even once it opens, it’s cheaper to pay taxes on an empty factory than it is to pay tariffs or American workers.
echodot@feddit.uk 3 weeks ago
Plus of course the problem that chip manufacturing is not a US traditional industry, so there probably isn’t that much skilled labor.
Ironically they’re probably going to end up having to hire foreign nationals.