Bernstein Posits That A 10 Percent Baseline US Tariff On Raw Semiconductors Is "Not Going To Do All That Much," But PCs, Servers, And Smartphones Are About To Get Pricier By ~40 Percent
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I'm already seeing some huge increases on ic chips online here...
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He certainly running the country into the ground like one of his businesses
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This is actually kind of funny. Because his first term is more or less considered successful in financial circles, (COVID aside). But the entire time he was fighting with aides, bureaucrats, etc... who kept either getting in his way or talking him out of his crazy or stupid ideas. Now he's removed all the safeties and we're getting full Trumpism with all the horrible financial decisions it brings.
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Not just any businesses either, he bankrupted a casino... TWICE
It takes a special kind of stupid to bankrupt a fucking casino, twice
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Do you think he knows that he can go entire weeks without announcing a new tariff?
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Markets will still consider it a win if Trump does not else good in the next 4 years except for extend the "tax cuts and jobs" billionaire and corporate handouts. He seems to be failing at that and DOGE has only made it harder in for Congress (in a budgetary sense) for them to do it.
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He wasn't successful at anything.
He slashed the corporate income tax and due to an effective amnesty on repatriation many large MNCs brought stashed offshore cash and cut R&D to register massive earnings for his last 2 years.
Ironically, this started to dry up right around Q1 2020... Then COVID drowned out everything.
His response was to just pump $4T to employers with almost no documentation, thank god we didn't see a massive wave in inflation out of that.
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Not sure how related it is, but in Canada, I'm seeing HDD and SSD prices generally being "on sale" for the regular prices from last year (same specs and everything!)
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Ok. The bottom line is, either it "won't do all that much"-- meaning it won't affect prices, it won't affect the economy, it'll be basically useless--or it will be disastrously expensive for ordinary people. There is no other option. The "disastrously expensive for ordinary people" is the only thing that will cause any amount of the change Trump promises: it's the mechanism by which the plan operates.
There is no option where companies just eat the tariff costs, or countries pay them. Maybe a few scattered companies and countries do, but by and large, not a chance.
Every country in the world needs all the other countries more than all of the other countries need it. There's just no real leverage, because we're all interconnected; you can snip one country out, and it'll slightly hurt everyone, but it'll wreck the country that was snipped out.
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He failed to sell alcohol and beef to Americans
The only thing harder to do is to fail at selling sub-prime mortgages before the 2008 recession
which he also did
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The evidence shows he clearly can't.
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because we're all interconnected; you can snip one country out, and it'll slightly hurt everyone, but it'll wreck the country that was snipped out
Conservatives will NEVER understand this.
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Pretty much. Everyone else will be able to trade with the east and southeast Asian countries business as usual. Maybe even more now that the US is making themselves less price competitive. The bad thing for the EU could be the drop in sales to the US not being replaced fast enough outside of the US leading to squeezing existing customers for more cash or possibly some businesses failing
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Everyone else will be able to trade
Phew! -
Every country in the world needs all the other countries more than all of the other countries need it. There's just no real leverage, because we're all interconnected; you can snip one country out, and it'll slightly hurt everyone, but it'll *wreck* the country that was snipped out.
This is just such an absolutely perfect summary. I wish we could American politicians to speak this clearly to explain why this is such a bad idea.
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That would require American politicians to have a spine. Those are in short supply.
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They may not understand it, but they've fucked around long enough to get to the find out part of the equation. I just wish those of us that understand this and voted against this shit wouldn't be affected by it
