Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make many of their products.
  • The_Caretaker@lemm.eeEnglish
    2·
    1 day ago

    Meanwhile China has restricted the export of many of the raw materials used to make computers, phones and chips. Someone is getting spanked and it isn’t China. Trump should be wearing a collar with a Chinese flag on it, maybe a yoke too.

  • xyzzy@lemm.ee
    57·
    3 days ago

    As a side note, can you imagine being an accountant and trying to keep track of the tariff declarations that are changing daily?

    • frickineh@lemmy.world
      14·
      3 days ago

      I’m pretty sure all the people who deal with imports have to be on the verge of a mental breakdown. What a nightmare. Policy made by a petty, stupid tyrant based on apparently nothing but vibes and changing as often as he shits his diaper is no way to run a country, but here we are.

      • futatorius@lemm.ee
        2·
        3 days ago

        If everyone is noncompliant like that, Trump will have less power than the mayor of DC.

    • Today@lemmy.world
      7·
      3 days ago

      A friend works for a hardscaping company - sidewalks, drainage, parking lots, etc. Every day she gets an email about price changes on equipment and materials. It’s making her crazy!

    • infectoid@lemmy.worldEnglish
      5·
      3 days ago

      I once worked on a project to calculate tariffs on goods for an importer. It was a massive job with lots of edges cases. And that was under normal conditions.

      My gut feel is that some, maybe even most of this can be worked in, but there is absolutely going to be shit going under the radar because it’s too hard, too confusing or out right contradictory.

      • futatorius@lemm.ee
        1·
        3 days ago

        When rules become too complex, everything becomes a negotiation, and subject to selective enforcement. That may be by design.

    • lemmysquezzy@lemmy.world
      4·
      3 days ago

      It’s been hell since the start of February. Reporting from the front lines. I’ve got folks working 16 hour days right now to keep supply chains moving.

  • dhork@lemmy.worldEnglish
    45·
    3 days ago

    Basically, a lot of the important shit that the CEOs of companies who contributed to his campaign depend on. So, he is caving, but only for his big donors.

    I hope China doesn’t back down, though, and keep their counter-tariffs in place until all our dumb tariffs are taken away. Bullies only understand force.

  • BigMacHole@lemm.ee
    6·
    3 days ago

    Thank YOU Trump for Allowing these Exemptions!

    -Americans who Thanked Trump for the TOTAL Tariffs just a Couple Days ago!

    • futatorius@lemm.ee
      2·
      3 days ago

      That didn’t originally mean Brave New World totalitarianism by distraction, it meant doing things the common people wanted and needed. Juvenal was an elitist and thought that the state should serve the ruling class and nobody else. So no relief from hunger, and no public ceremonies or events that the Great Unwashed could participate in.

  • lemmus@lemmy.world
    1·
    3 days ago

    So the multinationals are fine but small businesses are crushed. Make economy recede again!

  • foggy@lemmy.world
    1·
    3 days ago

    Man I almost bought a new phone ahead of the inevitable price hikes.

    Cut the shit, asshole.