• mriguy@lemmy.world
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    21 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?

  • SolidShake@lemmy.world
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    2 days ago

    Trump is basically a sad fat kid in a classroom that just cries and screams when shit doesn’t go his way and then ruins everything for everyone else.

  • Phoenixz@lemmy.ca
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    2 days ago

    Lol, I’d love to watch everyone in the US paying triple for literally anything that has electronics in it.

    If Trump then wants to build chips in the US, good luck. ASML is the only one with the machines, first of all, and by the time he can buy those, something tells me they might have some extra tarifs added to them, and then paying US salaries for electronics would skyrocket prices to people having to pay four-five times the amount of what they’re paying now.

    Not saying that the near slavery conditions in Asia are fine, that should have changed decades ago, but the way trump is doing this is hilarious, people will want his head on a plattee

    • CheeseNoodle@lemmy.world
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      2 days ago

      iirc the machines that TSMC uses are made in Holland right when he’s also apparently doing his best to piss of Europe, even then there’s like a decade long order backlog.

    • 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.

    • 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…

        • 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.

  • 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.

  • Tomma235@lemm.ee
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    3 days ago

    So where is the US going to get its chips from then tax TMSC makes over 90% of chips?

    • unalivejoy@lemm.ee
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      3 days ago

      TSMC was supposed to open a plant in the US, but apparently that takes a bit of time to get running.

      • sunzu2@thebrainbin.org
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        3 days ago

        They did say American worker is lazy and expects highest pay lol

        Cry me a fucking river. This corpo really forgot who defends their precious island. American tax payer spends good money in your support. Show some fucking respect.

        • perestroika@lemm.ee
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          3 days ago

          Maybe I’m misreading because one poster above deleted their comment, but I can’t understand: how exactly has TSMC shown “disrespect”? Or was the poster showing disrespect?

          Putting corporations aside and speaking of states: the US and Taiwan have respectful and friendly relations. They depend on each other.

          Now, a tariff of 25-100% on a partner’s primary export and one’s own vitally important import is more like putting a shotgun to one’s leg out of spite. It would be hurting oneself and hurting the other side - and not a little bit.

          The US is a store that Taiwan frequently shops in - a very big defense equipment store, I should say. Some of the toys cost money, but if you buy enough, you get kickbacks - the US gives Taiwan some security assistance for free. It also says it will assist Taiwan if anyone (we can imagine who that might be) attacks it.

          Meanwhile, Taiwan is a store the world frequently shops in - a very big microprocessor, memory and microcontroller store. Frequent customers can tell TSMC “it would be nice if you brought some of your business here, we have a vacant spot suitable for your plans”. And it works: one factory will be built in the US, one factory in the EU. Maybe elsewhere too. Getting that to happen didn’t need Trump or insane levels of customs tariffs.

          To achieve that, people just negotiated like normal people do. TMSC know they operate in a country prone to violent earthquakes and close to an agressive neighbour, they are quite OK with placing some of their business abroad.

        • مهما طال الليل@lemm.ee
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          3 days ago

          The US gets an unsinkable aircraft off the coast of PRC, while Taiwan assumes all the risks of a war with PRC. If anything the US should show some respects to its allies instead of treating them like disposable pawns.

          • interdimensionalmeme@lemmy.ml
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            2 days ago

            Just to be clear, we do not guve a shit about : China, Taiwan, All of South east Asia, Ukraine, Russia, All of Eastern Europe, Saudi Arabia, Israel, Palestine, Iran, all of MENA

            You people are all own your own, stop embroilling us in your god damned fucking wars.

          • sunzu2@thebrainbin.org
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            3 days ago

            Sir, I am not “the US”, i am USian pedon, merely a subject, speaking on my own behalf.

        • III@lemmy.world
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          3 days ago

          Wasn’t this the same justification that America used to send factory jobs overseas? I feel repeating verbatim what the US has stated is the ultimate sign of respect.

          • sunzu2@thebrainbin.org
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            3 days ago

            Sir, I am not “the US”, i am USian pedon, merely a subject, speaking on my own behalf.

        • ZeroOne@lemmy.world
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          3 days ago

          If anything US should show some respect & lick the boots of EU, Taiwan & India