Yam Tits just heard the term, hence the sudden tariffs.
Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
Submitted 8 months ago by Mereo@lemmy.ca to technology@lemmy.world
https://apnews.com/article/apple-trump-computer-tariff-c01b5ce0265b0d294dd10b8966be4436
Comments
switcheroo@lemmy.world 7 months ago
Lawnman23@lemmy.world 7 months ago
Anyone remember the punchable faces subreddit?
Yeah, this face would be forever pinned at the top.
NigelFrobisher@aussie.zone 8 months ago
Could I not just avoid this entirely by buying electronic products from literally anywhere else though?
Wizard_Pope@lemmy.world 8 months ago
If you are in the US how do you think that would work? If you are not then it really does not matter since the US is not a major chip producer afaik.
Glitterbomb@lemmy.world 7 months ago
I heard the cartels have a sale this weekend on NVIDIA cards
INHALE_VEGETABLES@aussie.zone 8 months ago
He will remove tarrifs on goods containing microchips in spectacular fashion.
x00z@lemmy.world 8 months ago
I’m going to tariff Trump a dollar every time his stupid face pops up in my feeds.
Bloomcole@lemmy.world 7 months ago
Well that’s entirely the posters fault.
They’re really fanatic in wanting to post every stupid thing he says or does (which is daily).
As if there isn’t any real news out there.mundane@feddit.nu 8 months ago
Tariffs are paid by the importer so it will just make your feeds more expensive to import to your device.
x00z@lemmy.world 8 months ago
I know how it works I just wanted to make a joke.
please forgive
nectar45@lemmy.zip 8 months ago
Damn you will become reallyvwealthy dude!
astutemural@midwest.social 8 months ago
Looks like books are back on the menu, boys.
glitch1985@lemmy.world 8 months ago
How do I download one of those?
ours@lemmy.world 8 months ago
Ebooks are awesome.
astutemural@midwest.social 8 months ago
imposedsensation@lemmynsfw.com 8 months ago
I was looking at the stock performance of Semiconductors today and they’re pretty much all green except for Intel. Why? Because they’ve all announced plans to invest in the US (even though they probably won’t ever make good on their commitments). That buys them an exception to the tariffs. So it’s pretty much a 100% tariff on no major player. Intel was down because Tom Cotton and now Trump are attacking their new CEO Lip Bu Tan who has a long successful track record in the industry but has Chinese investments which they think somehow implicates him or creates a national security risk even though TSMC is ahead of Intel in fab capability. Anyway the point is this is just rhetorical grand standing with no serious impact.
Redex68@lemmy.world 8 months ago
I mean the whole point of tariffs is to bring manufacturing to your country, so if they actually did that that would be a major win, but I’m highly doubtful, they’ll probably just wait it out since the US can’t survive by blocking literally every high end chip from being imported.
sturmblast@lemmy.world 8 months ago
He’ll back down from this like everything but what a fucking complete moron
Dead_or_Alive@lemmy.world 8 months ago
It’s simultaneously a grift and a way to impose a flat sales tax all in one package.
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Republicans have been creaming their pants for years at the thought of imposing a regressive flat tax on all sales while doing away with income based taxation. This would forever shift the majority of the tax burden to the poor and middle class. Which is why we see Trump cutting taxes on the wealthy with his Big Ugly Bill and imposing a tariff as a way to tax the unwashed masses while simultaneously claiming he isn’t. Hopefully the courts strike down his power grab and force Congress to vote on Tariffs. The weasels will probably give it to them but at least we get to see Republicans go on record as voting for a tax increase.
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Trump has announced or will announce tariff exemptions that benefit large companies that have donated to him. Sometime later if he feels he needs more money he will announce a higher random tariff on the exempted goods and shake these corps down for more money/favors. All the while he can claim he is doing our industry a favor.
Never forget Trump is a grifting piece of shit who will always stick it to the little guy.
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ripcord@lemmy.world 8 months ago
No he won’t
cupcakezealot@piefed.blahaj.zone 8 months ago
he really is the dumbest motherfucker on the planet
interdimensionalmeme@lemmy.ml 8 months ago
You mean extortionist
carrylex@lemmy.world 8 months ago
bigbabybilly@lemmy.world 8 months ago
Dude is a great decision machine. Someone should make him preside- oh. 😕
ChickenLadyLovesLife@lemmy.world 8 months ago
Nah, I think he’s much better suited to being a reality TV star. Oh wait, that’s what he is.
sturmblast@lemmy.world 8 months ago
Better suited for a prison cell.
MNByChoice@midwest.social 8 months ago
Perhaps this could tax the huge data centers being built in the USA, which tend to get huge local tax incentives. But, if I had a data center I was trying to kit out, this would encourage me to setup shop any place other than the USA. (Latency matters, but not equally for everything.)
dubyakay@lemmy.ca 8 months ago
Oh no, don’t worry. Big tech will get exemptions and write offs.
rustyricotta@lemmy.dbzer0.com 8 months ago
Only the big tech that donates large sums of money to Tramp (which seems like most of them)
Montreal_Metro@lemmy.ca 8 months ago
Do it, idiot.
DarkFuture@lemmy.world 8 months ago
Conservatives are 100% onboard with a felon rapist pedo skyrocketing our cost of living while destroying our global reputation.
If anyone is still unsure if conservatives are traitors to our nation, now is the time to pinch yourself and wake up.
lukaro@lemmy.zip 8 months ago
I wouldn’t call them traitors but they do embody everything else that makes a person horrible! If you’re a republican I seriously hope you get bad allergi s diarrhea and stuck in traffic at the same time, no sun if your car windows get stuck up too.
davidagain@lemmy.world 8 months ago
Traitors to the constitution, traitors to democracy, traitors to free and fair elections, traitors to the founding fathers, traitors to the people and even traitors to the union and the flag. What were you waiting for them to betray before you call them traitors?
tane@lemy.lol 8 months ago
Nah they are traitors and I hope they all die a traitor’s death.
brucethemoose@lemmy.world 8 months ago
A bit of chip history: Taiwan Semiconductor (the current pseudo-monoply in cutting edge processor making) rose as Taiwan transitioned from a dictatorship to democracy.
They got state funding, and support for thier business as trade opened up. To simplify, it was like a mix of hyper capitalism and technocratic command economy/socialism no one on either end of political spectrum would like. And it worked! It’s still working.
The CHIPS act in the US was a baby step in that direction, which (even with Intel’s incredible corporate dysfunction) got me excited.
…And that is basically the opposite of what Trump is proposing.
Basically, take away Intel/Micron/IBM subsidies and tax the shit out of their existing overseas business. And deregulate them instead of directing them.
In other words, drain their capital, and give them free reign to think short term as their manufacturing circles the drain.
haloduder@thelemmy.club 8 months ago
Yes, we all know the most successful economic endeavors are funded by taxpayers.
Just look at how Iceland has the cheapest electricity on the planet; it’s because they built their infrastructure using public money without an incentive to maximize profit.
brucethemoose@lemmy.world 8 months ago
That’s not what I’m implying.
TSMC would not have thrived if it was purely nationalized, and could have easily collapsed into capitalist hell.
For the processor fab business, specifically, the ideal conditions seem to be some kind of basdardized hybrid. Samsung and China Semi are not far from this either, while the corpses of pure extremes (GloFo, Intel, the Soviet’s and modern Russia’s computing efforts, other pure government efforts and some RISC ones) are littered everywhere.
DarkFuture@lemmy.world 8 months ago
CHIPS Act. Yet another major Biden win that gets overlooked in favor of shitting on him.
sturmblast@lemmy.world 8 months ago
Biden did a lot of great stuff but the USA would rather live in a reality TV show from hell while marching towards authoritarianism apparently. Oh wait, they don’t understand any of that shit because half of them can’t fucking read.
iamdefinitelyoverthirteen@lemmy.world 8 months ago
Release the Epstein files.
InternetCitizen2@lemmy.world 7 months ago
echodot@feddit.uk 8 months ago
Every time somebody says this it always makes me think of the scientist from the expanse.
We should definitely release those files it would be really helpful.
Sertou@lemmy.world 8 months ago
“There was a button. I pushed it.” Where’s Holden when you need him?
BarneyPiccolo@lemmy.today 8 months ago
Fuck, I’m going to have to go back to doing math iny head again, aren’t I?
alt_xa_23@lemmy.world 8 months ago
Just get a slide rule off ebay
echodot@feddit.uk 8 months ago
I still have a Texas instrument scientific calculator. I have never found a calculator app that I like better.
Put of course I was actually allowed to bring it into an exam which would definitely not possible with a phone.
silasmariner@programming.dev 7 months ago
The best calculator app is the interpreter for the j programming language
dwemthy@lemmy.world 8 months ago
Get an abacus before tariffs catch up with them too
biotin7@sopuli.xyz 8 months ago
It’s not that bad, you go to Youtube & look up your local Indian mathematician
yermaw@sh.itjust.works 8 months ago
But do it quick while the country can still afford the internet
kryptonianCodeMonkey@lemmy.world 8 months ago
What do you mean “likely pushing up cost of electronics”. That is the literal point of a tariff, to push the process up and make competing goods more appealing to consumers. The only way it doesnt raise prices is if importers just eat the cost, which they will almost certainly not do and, frankly, shouldn’t do.
Sertou@lemmy.world 8 months ago
In this case there are no competing domestic products though, or few enough as makes little difference. This is just taxation with extra steps.
kryptonianCodeMonkey@lemmy.world 8 months ago
Yes, I did mean in the ideal sense, there is a functional purpose for raising the prices of foreign goods IF there is a domestic alternative you wish to boost or expand. But the mechanism for the benefit, IF(big if) there is one, is the increase in price. Tariff = ideally targetted price increases. Saying tariffs might raise prices is like saying stabbing you might wound you. I might have a good reason for wounding you, I might not, but the wounding will happen as a direct consequences of my stabbing you, regardless.
blakemiller@lemmy.world 8 months ago
I’ll throw in the “well actually” here so no one gets wrapped around the axle — the true point of tariffs are to boost domestic business at the expense of weakening foreign sales. The scales tipped in favor of domestic businesses should be advantageous and arguably a good strategy in some circumstances …in a vacuum. That’s the “well actually” and it’s worth nothing in 2025 because all advantage is nullified if those domestic businesses lack the skill and resources to produce said goods. The industries currently targeted by tariffs are so huge and complex that domestic businesses stand zero chance (even with tariffs) in place to replicate the technology, supply chain, and workforce that would be able to stand competitively toe-to-toe with the global market.
So it’s entirely a tax on Americans by another name, and for zero gain.
echodot@feddit.uk 8 months ago
The important won’t eat the costs because there’s literally no reason for them to do that.
The tariffs don’t actually upset importers, they literally do not care. They continue to sell the product at exactly the same prices it always cost, once it arrives in a US port, that’s the end of the transaction as far as they are concerned, since the tariffs apply after that, they are irrelevant.
MapleEngineer@lemmy.world 8 months ago
In the US the point of tarrifs is to tax the poor to pay for tax breaks for the rich.
Obi@sopuli.xyz 8 months ago
Bingo, this is just a way of raising taxes on the poor without “raising taxes”.
AnUnusualRelic@lemmy.world 8 months ago
CPUs are so expensive, I guess I’ll buy a good old US made abacus instead!
JackbyDev@programming.dev 8 months ago
Damn, if only we had some bill that would increase manufacturing of chips domestically. It would be foolish to cancel such a bill while also creating a tariff. How will people favor domestic manufacturing without that manufacturing existing? Surely the president would never do that.
echodot@feddit.uk 8 months ago
Now to figure out how to play Doom on it.
MeThisGuy@feddit.nl 8 months ago
that’s probably the one thing I’d buy purposely Chinese.
explodicle@sh.itjust.works 8 months ago
Every American needs to be forced to learn the components of a supply and demand diagram.
turtlesareneat@discuss.online 8 months ago
Yes, but the media is willing to lie for him and whatever form necessary to normalize all this
bitjunkie@lemmy.world 8 months ago
Release the Epstein files
WindyRebel@lemmy.world 8 months ago
I agree, but I think we should amend this phrase.
Release the UNREDACTED Epstein files
echodot@feddit.uk 8 months ago
I want it in audiobook format. Read by Will Wheaton.
lorty@lemmy.ml 8 months ago
This will surely bring manufacturing back to the US /s
Trihilis@ani.social 8 months ago
America in a few years when no one wants their goods anymore and every country outside the US ramped up production since US is the most unreliable partner ever.
shocked pikachu face
echodot@feddit.uk 8 months ago
Does the US actually have any domestic manufacturing of anything other than basic commodity products?
There is that YouTuber who’s trying to make a pan scrubber something in the US, and he’s finding it really difficult to be able to find manufacturers for the various components.
MyNameIsIgglePiggle@sh.itjust.works 8 months 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 8 months ago
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.
michaelmrose@lemmy.world 8 months 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 8 months 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 8 months 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.
wewbull@feddit.uk 8 months ago
“…likely pushing up…”
“…likely…”
Of course it will! What kind of reporting is this? “…forcing the price up…” Is the phrase they were looking for.
ieGod@lemmy.zip 8 months ago
That’s not the article title.
figjam@midwest.social 8 months ago
get that AI bubble a-poppin
daggermoon@lemmy.world 8 months ago
Oh boy, another distraction
Tollana1234567@lemmy.today 8 months ago
anything to not discuss the epstein files, it seems like the effectiveness of tariffs isnt have as much effect as distraction as it should.
CosmoNova@lemmy.world 8 months ago
Americans won‘t own anything and they‘ll be happy.
OhVenus_Baby@lemmy.ml 8 months ago
Good it’ll slow down the atrocious e-waste I hope. Fucking everything doesn’t need wifi and blue tooth and bullshit.
monkeyslikebananas2@lemmy.world 8 months ago
Where are the Trump-Epstein files?
richardwallass@sh.itjust.works 7 months ago
Not Nvidia and not Apple. That’s so ridiculous. It will just increase the price of any electronics devices.