• mriguy@lemmy.world
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    22 hours ago

    Gosh Tim. How is that million dollar personal contribution directly into Trump’s pocket to Trump’s inauguration fund working out for you?

    • Sturgist@lemmy.ca
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      2 days ago

      I mean Puerto Rico is literally part of the US and that doesn’t seem to matter for them…

    • Kokesh@lemmy.world
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      3 days ago

      I’m sure that orange fuck will try to sell it to “beautiful” president Xi, or to clean it out to stop the conflict, or something like that, that bubbles up in his senile demented brain.

  • surph_ninja@lemmy.world
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    2 days ago

    And they’re not even trying to create American jobs with this crap. The CHIPS Act is paired with a “chipmaker’s visa,” which intends to import cheap labor from Taiwan to work the US chip factories.

      • surph_ninja@lemmy.world
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        2 days ago

        You’re not wrong, but the Dems are in on this, too. They were pushing the same chipmaker’s visa when they had the reigns, so I wouldn’t count on them helping.

        • interdimensionalmeme@lemmy.ml
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          1 day ago

          They are also billionaire’s stooges. They’re just the “good cop” part of the arrangement. When we politely accept their domination rather than rebelliously accept their domination. Those are the only two choices.

      • narp@feddit.org
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        3 days ago

        The dismantling of the US was Putins wet dream since forever, he would have done the same with or without the well deserved sanctions for invading Ukraine.

        • interdimensionalmeme@lemmy.ml
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          2 days ago

          But that would be low!
          And really the president doesn’t have the power to set prices. Trump can’t magically make eggs cheaper! And so on. Chatgpt what is the best open source open hardware guillotine plans?

          • Sturgist@lemmy.ca
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            2 days ago

            He doesn’t have the ability to directly set prices, no. He could massively subsidise things he wants to be cheaper. Do you think that’s going to happen though?

              • Sturgist@lemmy.ca
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                1 day ago

                I’m sorry, I’m not sure I’m following your train of thought…

                Are there currently egg shortages? Subsidising something doesn’t mean there’s less of it, means the government pays someone in the production stream to keep prices low. Like what happens with gasoline just about everywhere.

                • interdimensionalmeme@lemmy.ml
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                  1 day ago

                  The official story is they killed 100 nillion chicken due to bird flu. This caused a shortage of eggs, the shortage caused the price to raise until it was so high they became unaffordable to some people.

  • WeebLife@lemmy.world
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    3 days ago

    I’ve been looking at doing a new pc build but wanted to wait for the new GPUs coming out. Looks like I should just my new build before prices are stupid.

  • BeMoreCareful@lemmy.world
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    3 days ago

    I don’t get the goal here. It’s not just that existing fabs are in Taiwan, I thought it was the knowledge was as well.

    I was under the impression that we’d built a couple of fabs here and they’re not productive due to a knowledge deficit. Maybe I’m uninformed.

    It seems, to my uninformed self, that if we impose tariffs we’d be strengthening Taiwan/China relations. Wouldn’t China still serve as a middle man?

    I don’t see us manufacturing when the dollar is so high relative to foreign currency; add in the lack of knowledge and facilities and I’m not sure what you get.

    • kandoh@reddthat.com
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      3 days ago

      I truly believe these are his way of soliciting bribes from foreign and domestic businesses.

      They’re going to have to pay him to get around them.

  • Dead_or_Alive@lemmy.world
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    2 days ago

    Trump is going to use Tariffs to try to offset making larger tax cuts for the wealthy.

    It’s better that he does this now so that we have a solid recent example to point to of how this will impact what we pay for goods.

    Never mind we have 100 years of data backing this up, people are idiots and won’t recognize the treat until it hurts them directly.

    • olympicyes@lemmy.world
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      2 days ago

      In a way I’m glad he’s doing this. He’s going to inflect so much pain that he loses in a landslide in four or 8 years or whatever. If income tax rates are 0, then a new administration would be able to set them as high as they want without consideration of trying to increase them by 2 percent or whatever they do now.

      • Dead_or_Alive@lemmy.world
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        1 day ago

        I agree I’d rather Trump shit the bed hard and early so we can contain the damage and show the public at large what his policies will really do to them.

        But Tariffs will never be enough to offset income tax completely. I think he is going to use Tariffs to offset renewing his tax cuts for the wealthy. There are a good number of house republicans who will not go along with tax cuts if it increases the deficit. Revenue from tariffs would give him enough cover to placate those Republicans while directly pushing the cost onto US consumers who are primarily lower and middle classes.

        Even after 4 years when he is out of office and the next administration reduces those tariffs and goes back to a progressive tax system. Even reducing those tariffs then will never bring prices down. Companies will never pass those savings entirely to the consumer they will pocket the money and everyone else will be screwed.

        • olympicyes@lemmy.world
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          1 day ago

          The grift is obvious for anyone paying attention but a lot of his base doesn’t realize that they pay almost no tax because of credits and deductions. Tariffs will hit the working class hard.

    • theoretiker@discuss.tchncs.de
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      2 days ago

      To be fair, we mostly have examples of how free trade reduces prices. But this reduction in prices usually wasn’t instantaneous and perceivable by ordinary folks. Because corporations wouldn’t hand out the savings to consumers until the very slow market force of competition forced them to. Tariffs will make everything more expensive and even if they are eventually culled, stuff will not become suddenly cheap again.

      • Dead_or_Alive@lemmy.world
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        1 day ago

        I agree, I doubt very much that price savings for any reduction in Tariffs will be passed onto the consumer. However any increase in Tariffs will immediately be felt.

        I’d rather see an increase in a single sector such as microchips to show the public the costs of Trump’s plan in real modern dollars to help build opposition. Than wait until he pushes an across the board Tariff. Which would likely result in a stagflation for the population at large.

  • z3rOR0ne@lemmy.ml
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    4 days ago

    Oh man, Trump…I had this thing I wanted to give you…where did I put it…oh yeah…🖕

  • humanspiral@lemmy.ca
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    4 days ago

    To avoid this, the administration would need to introduce exemptions, just like it did with China-made graphics cards and motherboards years ago.

    If that is the approach, it would ensure tech monopoly for 5 years for all of the oligarchy that kisses his diaper.

    More major issues with this is that while high end Chip production may be high value manufacturing, motherboards, electronics, and assembly is not, and there would likely be an export of chips to somewhere else to import finished products.

    US/Trump explicit hatred for world is likely to get retributive tariffs, that makes chip plants unproductive investments, though Trump is hoping to have high foreign ownership/investment in those plants.

    In 2022, the export share of Taiwan integrated circuits to US was just 2.46%, although in early 2024, total (all goods) Taiwan exports had US take lead over China for the first time.

    That both US and China are decoupling from Taiwan is going to reduce any geopolitical subservience impulse that provokes a war with China. Taiwan may get closer to China instead of begging for more US “friendship”.

  • JaymesRS@literature.cafe
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    3 days ago

    But I thought the Tim Apple donation to the trump inauguration was supposed to curry enough favor to avoid this.

    ThisIsMySurpisedFace.jpg.