This is a most excellent place for technology news and articles.
People are looking to much into his Tax Bill and Crypto Dinners. They can’t pass legislation secretly in the dead of night if the media and public aren’t distracted by bullshit.
It hasn’t been half a year yet and the firehouse of chaos that is Trump is impossible to keep up with.
CSJDIA.
Well, technically, any kind of tariff added to the import is always paid by Apple, who else would pay it? Some unrelated company? A foreign country?
They will simply increase the price by an amount that will keep them making the same amount of money. The main problem is that because they like to do a round price worldwide, we European we'll pay more too, so they can make more money. Assholes
We can always respond with our money and not buy an iPhone
iPhones not iPhone's... Who let this idiot be in charge of anybody? Did he even go to school?
This is what you get for bending down to the tyrant in inauguration day. You cant appease tyrants, you must fight them.
Good fuck apple they probably donated to trump
This won't hurt apple one bit. They will pass the cost on t to American consumers. This is a 25% tax on everyday Americans to pay for the billions of dollars of tax cuts for the rich.
They did, or at least Tim Cook did.
An extra 25% must be paid by consumers. Like every other tariff. New taxes be like that.
I see the problem here. He's talking to Tim Cook, who's CEO of some cooking company. He needs to talk to Tim Apple.
Killing Biden's CHIPs act certainly didn't help that cause.
Problem is that it had bidens sign on it, so he was forced to kill it without even taking care of its contents
It was a horrible idea, absolutely terrible for us, we were being ripped from with waste fraud and abuse. We have the best plan, everyone says so. The concept of a plane, that will be immense.
He will kill and reinstate it to sell it as his own doing.
Obviously guided by his counselers and consultants.
you fucking idiot, it's NEVER EVER EVER coming to the US.
NEVER.
a 25% increase in cost is still MUCH more preferable to bringing all of that shit to the US. probably by orders of magnitude. can you even fathom (of course you can't) what you would need to do to have a 100% American iphone?
let's say you're bringing the iphone manufacturing plant to the US. let's even assume this move is subsidized so the new factory is going to cost only time.
the iphone isn't put together from mere atoms. parts of it need to be manufactured first. there's the screen, the glass, the aluminum case, several cameras, the battery, the ram, the storage, the CPU, the GPU, the receiver, accelerometer, gyroscope, etc etc... how much of that shit do you think is made in the USA?
so there's tariffs an all of that. or to avoid them you need to make several new factories, and have other companies that provide these things also move their factories... and these factories don't just have people create electronics by hand. you need machines. where do you think those are made? who makes them? so now you need the manufacturers of manufacturing robots to move their factories to the US.
and all these factories now employ people with much higher salaries.
all in all, a move like that would halt production for years and when it comes back every iphone would probably cost $47000.
THIS IS WHY TARIFFS NEVER WORK. In the long term tariffs actually encourage manufacturing to leave the country charging tariffs, not move manufacturing there. It’s much cheaper to pay the tariffs once, on the final product, than to pay the tariffs on every part that is required moving back and forth across an “imaginary line” (border in Trump-speak).
None of Trump’s tariff bolstering hurts Apple at all. They are a global company and can easily adjust around the asinine policies of America for a few years. Americans will get sick of paying a minimum of 25% more for EVERYTHING, while the rest of the world continues on as if nothing happened. Eventually Americans will see that the rest of the world has all the nice things and they’ve become a self imposed Soviet-era block country that has nothing and has to line up for toilet paper, and they’ll be right pissed. Until then, enjoy your delusion. 👏
Such smol govment
It is paid by consumers, not Apple. Other phone companies will raise prices as well to increase their profits, since iPhone prices will set a new high price. When Apple prices goes up 25% other phone companies can increase their prices by 15% and still be competitive to apple.
Actually to make same profit due to lower phone sales Apple may have to raise price even higher than 25% or find other ways to get consumers to pay more. Die hard fans of Apple will buy, whatever the price.
Trump has become schizophrenic again.
Trump has a lot that seems might be wrong with him, but schizophrenia never really seemed to be on the list. Narcissism, dementia, psycho-/socio-pathy, compulsive lying, and possibly more, but I've never gotten the feeling he displayed the hyperpatternicity I associate with schizophrenia.
You can know the impact of what building in the US would be by looking at Purism. They sell a Linux phone for $800. If you want the same phone built in the US, they charge $2000.
Can you imagine if Joe Biden said shit like "I'm going to make your pleb shit more expensive because I refuse to just admit a mistake and therefore will double down on my bad policy."
It sounds like he thinks the word "tariff" just means "payment". Then he follows that with "[whoever he thinks should make the payment]". Tariff by Apple, Tariff by China, etc. Honestly. I don't know how else you can make it make sense.
Failed business man telling people how to run their businesses. I’ve got an idea about how to make American manufacturing cheaper universal healthcare.
Even with tariffs it's still not financially viable to Apple to bring manufacturing to the U.S. and if they still decided to it would take 10to 15 years to get going. It ain't gonna happen. Sad oompa-loompa.
It would take MINIMUM 10 years to even come close to like 60% manufactured in US. And that’s assuming the US upends the entire global tech industry by coming even kind of close to TSMC’s chip manufacturing tech.
