Trump plans 100% tariff on computer chips, unless companies build in US
apnews.com
President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors.
  • x00z@lemmy.worldEnglish
    19·
    6 days ago

    I’m going to tariff Trump a dollar every time his stupid face pops up in my feeds.

    • Martin@feddit.nuEnglish
      2·
      6 days ago

      Tariffs are paid by the importer so it will just make your feeds more expensive to import to your device.

        • Martin@feddit.nuEnglish
          2·
          6 days ago

          I was joking too. 😅

          If anyone hasn’t learned how tariffs work by now, they are choosing to be ignorant.

    • Bloomcole@lemmy.worldEnglish
      21·
      6 days 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.

  • Dead_or_Alive@lemmy.worldEnglish
    16·
    7 days ago

    It’s simultaneously a grift and a way to impose a flat sales tax all in one package.

    1. 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.

    2. 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.

  • imposedsensation@lemmynsfw.comEnglish
    8·
    7 days 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.

    • Redex@lemmy.worldEnglish
      3·
      6 days 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.

  • MNByChoice@midwest.socialEnglish
    8·
    7 days 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.)

  • Lawnman23@lemmy.worldEnglish
    2·
    6 days ago

    Anyone remember the punchable faces subreddit?

    Yeah, this face would be forever pinned at the top.