Technology Economists warn that Trump's tariffs could cause tech prices to skyrocket

[bazang]

Economists warn that Trump's tariffs could cause tech prices to skyrocket

In June, sixteen Nobel Prize-winning economists signed a letter expressing concern that Donald Trump's proposals could reignite inflation, which is currently nearing the Federal Reserve's 2 percent...

www.techspot.com

Media trying to whip-up the hysteria.

It doesn't take much, people being what they really are.

Tariffs will not bring manufacturing jobs to any nation. The timeline for industry to build factories, hire people, and get production running is not months. It is decades. Plus, when there are people in 2nd and 3rd world nations willing to work for .10 Euros per hour to do the same thing, companies will just keep operating in those nations.

 

[Sammo]

I think there are more tariffs on China than 54%.

See this link. Many other sites report the same
https://finance.yahoo.com/news/wall...eddon-looms-from-trump-tariffs-122638699.html

 

[Marko :)]

See this link. Many other sites report the same
https://finance.yahoo.com/news/wall...eddon-looms-from-trump-tariffs-122638699.html

And this is what I wrote, just a speculation. We know things are about to get expensive, but no one knows exactly how much. It might differ from company to company, depending on their policy how to handle the situation. It's said that Apple will try to dodge the tariffs by moving some of the production to the US, but this cannot be done in short time frame.

MAGA keeps saying "things might be expensive on a short term, but in a long run prices will normalize". The problem with this claim is not every material US needs to build something is present on the US soil and much of it needs to be imported. Take Gallium for example, which is used in semiconductors and LEDs; US has to import 100% of its gallium and China is the world's largest exporter, producing 95% of global supply.
And even if the US had supply of everything, the question is if foreign companies would want to open a factory there. If they decide to do so that would take time—years, if not decades. Now... is MAGA ready for having their everyday products way expensive for years... it's up to them. There's only so much time they could blame Biden for things getting more expensive. In 10 years, they won't be able to blame Biden anymore.

 

[oldschool]

We know things are about to get expensive, but no one knows exactly how much. ... the question is if foreign companies would want to open a factory there. If they decide to do so that would take time—years, if not decades.

This ^

There's only so much time they could blame Biden for things getting more expensive. In 10 years, they won't be able to blame Biden anymore.

They will always blame Biden. And Hillary, Soros, Russia Scam, and on and on ...

I think they really should blame @oldschool!

 

[Sammo]

This ^

They will always blame Biden. And Hillary, Soros, Russia Scam, and on and on ...

I think they really should blame @oldschool!

Blame the Orange Felon and the Muskrat

 

[Marko :)]

Trump Threatens Additional 50% China Tariff Over Retaliation​

President Donald Trump threatened to “impose ADDITIONAL Tariffs on China of 50%” unless Beijing withdraws a 34% retaliatory duty on US goods.

“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump posted on social media.

The 50% charge would come on top of the 34% duty the president imposed on all Chinese imports — set to begin Wednesday — as well as a 20% levy that he put in place earlier tied to fentanyl trafficking, according to a White House official.

The Chinese embassy in Washington did not immediately respond to a request for comment.

Source: https://www.bloomberg.com/news/arti...s-additional-50-china-tariff-over-retaliation

@oldschool Bags packed? I heard EU is lovely in this time of year.

 

[oldschool]

@oldschool Bags packed? I heard EU is lovely in this time of year.

I would, except we need to apply for passports but fear they might arrest and deport us in so doing. I hear El Salvador is nice this time of year, but ... their quarters are very confining due to packing the cells full. And they shave your head. My head gets cold easily.

 

[marg]

The Tariffs are hurting me as well.
I might have to vote for Bernie the next election!

 

[Dark Knight]

No surprise here. The Orange One tells supporters that other countries pay tariffs. And some people, too many actually, believe him.

I usually try to stay out of political conversations on this forum but, you really need to educate yourself. Seems to me you just have pure hatred for the man or what they call TDS and not really his policies, I really do not think there is anything he could do to satisfy you because if Joe or Barack were doing the same thing you'd probably be singing praises.

BTW .... The tariff thing is already working itself out , leaders from all over the world are showing up on bended knee or calling to make free trade deals with us, the only ones with the stick up their asses are China and honestly , that's a pride thing on them but their economy will not be able to survive the tariffs on them and sooner or later they will have to come to the table. If not, that is on them , we did fine without them in the 50's, 60's and 70's , we will do fine without them again and they can go back to living in grass huts, we don't need them, everything they export to the U.S. can be already gotten or be made right here.

We shouldn't be supporting Communism in my mind anyway, we supported and appeased Hitler in the 30's and 40's and look what that got us.
80% of what they export to us is made by either forced or child labor , those of you that own iPhones or Nike products really need to think about that, but I guess that is ok as long as you don't actually see it and you get your products at a reasonable price ..... right ?

 

[Digmor Crusher]

showing up on bended knee

Is that what you do for a fascist dictator ?

 

[Dark Knight]

Is that what you do for a fascist dictator ?

No, it's called other countries coming to terms for knowingly doing something that was wrong and now wanting to be fair.
If you are ok with being the worlds doorstop that is on you ...... I'm not.

He warned us things would get thick before they got better but I guess the TDS blocked that part out?

BTW, if your gonna throw terms out like fascist, dictator ... yada , yada , yada out, do some reading and find out what the terms actually mean, do some history research and see what has happened under fascist, dictatorships, Marxist and Communism rule, these are terms that being thrown around today without any thought whatsoever and most do not even comprehend their meanings , these are words that have been added to the Socialist Liberal word salad in order to retain votes and majorities , they want you to believe this, when in reality we are not even REMOTELY close to any of them, it could never happen in this country, there are too many stop gaps and levels of government to keep it from happening.

Just because you don't agree with someones policies or the person themself, doesn't make them a dictator.

 

[oldschool]

Seems to me you just have pure hatred for the man or what they call TDS

Au contraire, my friend. I pity anyone like the wannabe dictator who suffers from narcissistic-psychopathy. And as for yourself, you seem to suffer from old fashioned DS.

BTW, you really have all the MAGA talking points down pat. You know how to bend the knee to your Fuhrer.

 

[Dark Knight]

Au contraire, my friend. I pity anyone like the wannabe dictator who suffers from narcissistic-psychopathy. And as for yourself, you seem to suffer from old fashioned DS.

Well I guess I'm in good company then with the rest of the majority of this country that voted him in and handed him his mandate then .

 

[oldschool]

Edited above post for clarity.

 

[Dark Knight]

BTW, you really have all the MAGA talking points down pat. You know how to bend the knee to your Fuhrer.

Wow .... ok, seems kind of ironic coming from a person who sits in a country ruled by an ex KGB man and is a known Communist at heart that runs his country under the facade of Democratic rule don't you think?

Listen , I don't agree with the man 100% of the time but ....
I believe in only two sexes , male and female, there is no in between , your DNA dictates what you are and it cannot be changed whether you like it or not.
I do not believe biological men should be allowed to play in women's sports or use women's locker rooms or restrooms
I do not believe in child genitalia mutilation before that age of 18 and any doctor that performs it should be in prison, if you wanna be a pornhub Tranny star , wait till your 18.
I believe in immigration but ONLY if done legally, I believe those here illegally should be deported , criminal or not
I believe in paying for my own healthcare and not universal or social heath care (I have relatives that live in other countries with socialized health care, it doesn't work, people die because of it)
I believe the money I earned is my money and I should be able to keep the majority of it , I should not be forced to pay for the lazy that do not want to work, DEI initiatives or "Transgender" or whatever stupid, wasteful services either here in the U.S. or abroad
I do not believe in DEI , I believe in the best person for the job and the merit system, I do not believe in hiring or promoting people solely off the basis or their gender, sexual orientation or color of their skin.
..... There is more but I'm not gonna waste my breath, it's all just common sense.


And with that , I am out, do not expect anymore responses because there is no dialog here, just typical Liberal jargon, if you don't agree with them , you're a Nazi, which is part of the reason as to why this country is were it is today. We victimize criminals and pound on or cancel the innocent. The Democratic Party that we used to be able to find common ground with of JFK has been absent from this country for decades and I do not believe there is anyone in that party capable of turning it around, the party is swamped with Socialists and THAT is why you lost the White house , Congress and the Senate. The rest of this thread can just stay one sided because whether you realize it or not , you're in the minority, so either bring something to the table and help figure it out or just stay out of the way. Berating and calling those you do not agree with Nazi's helps nothing at all, all it does is expose you for the immature person you are.

You didn't see me on here whining a year ago as Jill Biden sat in the Oval Office with full control of the auto pen while Joe was "napping" and Kamala was off on her word salad election rallies, if she would have made just one ounce of sense or did just ONE thing that was important for this country she probably would have gotten elected but the fact is neither her or Joe had a clue and it was in full view for the entire country to see, those daily White house press conferences with Jean-Pier were exposed for the lies they were on a daily basis, she looked at the American public in the eye every day and blatantly outright lied to cover up what everyone already knew. the election was lost before it even started.
It's real simple, you get what you vote for , and the majority of this country was sick and tired of what they voted for the last go round and decided a change was needed and common sense changes are what you got, sorry if you don't like them but someone had to hit the reset button. Four more years of Joe and Kamala would have made us a third world country.

 

[BSONE]

Hi Kids,
Time to settle down please. I think we need to either talk about the pure economics of the issue from an apolitical viewpoint or close the thread.
That said, as an outsider looking at US politics, it is fascinating to observe in the way it can polarise people so much. Almost religious like in its Zealotry.