Apple looses $640 billion in stock in 3 days, economists say the iPhone could triple in cost under Trumps tariffs.
Howard Lutnick has the answer though, all Apple products will be manufactured in the USA!
Ignoring the fact it could take a few years and billions to build the plants does he really think American workers will build Apple products for $500.00 a month?
The American Dream is apparently the ability to put little screws into phones for a living.
Between the factory and farming stuff, it's kind of amazing Americans haven't clued in that Republicans want their citizens working low wage labour. Like, they give zero ####s about you and the life you can afford to have. So ####ing dumb.
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Trump apologists say the tariffs will incentivize manufacturers to build plants in the US, ignoring the facts that Trump reverses tariffs regularly, and a new administration in 2029 could reverse them anyway, so there isn’t a dependable motivation. How can anyone plan a business on that?
Not to mention the wage rate gap that still exists between the US and developing nations, and the lack of a trained labor pool for those jobs.
So all the tariffs are is a tax to facilitate a redistribution of wealth via income tax cuts and the talk about rebuilding their manufacturing infrastructure is complete bull####. If any of this was built on actual policy, there would be a massive investment in actually accomplishing that goal. There's zero activity on that front, obviously.
People (and media) keep approaching the Trump administration policies as though they are rational and have an end goal.
They don't. There isn't. It's the deluded ravings of a madman, and his lickspittle enablers who ONLY care about tax breaks for the ultra-wealthy.
The tariffs are a "thing" he can do to show he has power. That's it. There's no strategy here. Just "be nice to me personally, or you get tariffs". When he's up at 3am on the toilet, he reads social media, and decides more tariffs.
How are the tariffs calculated? With wikipedia and chat GPT. There is no hand on the wheel of the American economy.
It is nice to see some of the Maga voters start to get hit. That's enjoyable. Hopefully some of them get really really mad about it soon as the bank takes their family farms.
Elections have consequences. Enjoy!
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Howard Lutnick is like every other conservative billionaire, completely out of touch with reality, they all seem to be narcissist's, liars and full of hypocrisy.
Trump signs an executive order ending "woke policies that discriminate against secure sources of power, like coal and other fossil fuels"
"One thing I learned about the coal miners -- that's what they want to do. You could give them a penthouse on 5th Avenue and a different kind of a job and they'd be unhappy. They want to mine coal. She was gonna put them in a high tech industry where you make little cell phones and things."
So close to saying the children yearn for the mines...
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As Jon Stewart said yesterday, the robots would be putting the screws in. It'd be our job to keep the robots lubed so it's good for screwing. Robbed of our future robot fluffer jobs, I hate this decade..
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I have such evil thoughts about Leavitt. Then I push them aside, saying I can’t possibly wish such awful things on another woman. How dare I. But here I am.
True feminism is knowing that women can also be absolutely garbage human beings.
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Trump signs an executive order ending "woke policies that discriminate against secure sources of power, like coal and other fossil fuels"
"One thing I learned about the coal miners -- that's what they want to do. You could give them a penthouse on 5th Avenue and a different kind of a job and they'd be unhappy. They want to mine coal. She was gonna put them in a high tech industry where you make little cell phones and things."
So close to saying the children yearn for the mines...
WHAT?!?!?!
Isn't that the point of all these stupid tariffs?
To get Apple to hire Americans to make little cell phones and things?
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The thing I don't get about a lot of these Trump voters who now have regret, is how many say things like that they thought he would be like Trump in the first term and that is what they wanted. Did they not realize that he was a piece of garbage then as well? None of this is new, except for the lack of checks and balances. He tried tariffs back then, as well as mass deportations, and dabbling in authoritarianism.
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Last edited by FlamesAddiction; 04-08-2025 at 06:16 PM.
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Haha Americans building iPhones?! Good grief that would be a disaster. Remember that documentary where some Chinese tycoon thought it would be a good idea to have a glass factory in an abandoned car factory. Most of the documentary was making fun of the workers who lacked the skill and motivation to make glass. Building iPhones would be an epic disaster. They don’t have the labour force to support it and nobody is going to slave away for 15 bucks an hour working anywhere near the pace and quality where iPhones are built today.
Yup. Tim Cook was interviewed 5 or 6 years ago and tried to dispel the racist idea from the majority of the west who say that you go to China for cheap, low cost, low skill labour by saying that you don't go to China for low cost, you go to China for high skill in production. The skillset needed to use the technology needed to produce many of today's goods simply isn't there in the west.
And since then, China has moved to almost full automation and robots now in many industries. The whole bringing this stuff back to America is hilarious.
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...as a point of reference the peak to trough on the '22 drawdown on the Nasdaq was 35%, and that was all the Fed hikes to stamp out inflation.
A lot of folks thought the culprit for inflation was the size of the federal deficit. The US was starting to hit its speed limit for debt issuance as the coverage ratios at the treasury auctions were decreasing to worrying levels.
Cutting govt spending is their idea to drive down inflation. Tariff inflation is considered a one off, and the Fed has lots of altitude to cut rates from the latest hiking cycle.
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