Trump says Canada and Mexico to be hit with 25% tariffs on Saturday

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it's a 25% import tax paid by the importer. when their margins are added, and then the distributors' on top of their higher costs, at each step of the distribution chain.. it'll be a fair bit more than 'just' +25% once product reaches the store shelves.

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Take some time to watch this, then you should understand.

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Don't forget his little issue with TSMC holding a virtual monopoly on wafer fabrication.

Don't forget that's HIS FAULT.

GlobalFoundries had working 7nm, but they were a year late and-

Intel's problems appeared to be over (they weren't)
TSMC would have mass production of N7 up within months (they were already in risk production)
Samsung's aggressive posturing and pricing for Samsung Fab would eat into their business, even though it was for a 10nm class product
UMC would have 7nm up within 6 months (they stole TSMC IP and got clapped for it, no UMC 7nm)
SMIC would also be up within a year (Also stolen TSMC IP, they can't sell it in the west but it's used extensively in China)

All those thing would make it hard to make a lot of money when they were a year late (though all of them turned out wrong except TSMC). SF parent company would have allowed all that to happen too, but then Trump started subsidising oil to put pressure on OPEC. ATIC no longer had their 'unlimited money' and GF had to get back in black, so 7nm was cancelled.

This left only TSMC and Poor Quality Samsung (Intel still doesn't really do third party fab work)

Thanks Trump for putting tariffs on for the mess you created.

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"surely he'd exempt X from..."

Exact same reflection as all the people who depend on migrant workers that voted for him only for the bubble to burst in their face.

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A friend of mine works for an electric semi truck company. The vast majority of their parts are manufactured in Canada and Mexico; they're just assembled in the US. His mom voted for Trump and really wants him to move back to Ohio so he can have space and be close to family. He wanted to go back, too, and had a transfer and promotion within the company set up before the election. Now there's a company-wide freeze and his transfer is gone. The company's internal financial projections are not good.

His mom refuses to recognize that she just voted for her son to stay in Seattle indefinitely, even though he wants to move back. She keeps thinking that any day now, the economy will be so booming that his company will be doing great. He can't talk to her about it anymore.

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Lol, do it, bitch. Bet you'll chicken out of this one too.

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The person who proposed shutting off electricity was Doug Ford, the premier of Ontario who could in fact follow through. It would definitely be the nuclear option but it would disrupt the power grid of several norther states we border.

I don’t think it will come to that. I think the orange idiot just wants some politicians to grovel and pay his tithe at the last minute so he can feel powerful. He’s “warned” of tariffs too many times to make me think he’s serious.

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Yes, but i don't believe trump KNOWS that. Instead he's been told to do this.

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Yeah, as a Canadian I'm down with strengthening our trade with Mexico.

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Why the fuck would you want to go back to Ohio?

That state sucks balls.

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I expect food would be exempt as you don't want an angry, hungry, volatile population. Bread and Circuses

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I have been to Ohio exactly ONCE, and I can confirm that the state does in fact suck balls. It's so fucking FLAT...

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Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more

Trump is running the US the same way I ran my cities in SimCity2000

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But wages will go up because more stuff will be made in the US! /S (Basically my father's argument)

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Can't say I disagree lol

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*whether

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Great so now my food will cost even more?

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President Musk? Or just some randome other Oligarch?

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Has the second best CoL/MedianSalary ratio in the US. Ironically, the only state I saw that was consistently better was Michigan.

Plus we have Hocking Hills, which pretty consistently showed up on r/earthporn. If you want flat, we've got flat. If you want hills and mountains, we've got Appalachia.

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I could see that they try to get away with just Circus, tho.

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Trump says Canada and Mexico to be hit with 25% tariffs on Saturday